Euronav upsizes IPO to $230m

The offering is a significant improvement over the company's initial filing papers from September 2014, which would have grossed the company around $100m, as noted in Barry Parker's thorough assessment of the IPO earlier this week.

Euronav expects the offering to close on 28 January, the company's shares started trading on the New York Stock Exchange (NYSE) today under the ticker symbol EURN.

Deutsche Bank Securities, Citigroup Global Markets, J.P. Morgan Securities and Morgan Stanley & Co are acting as joint book-running managers and as representatives of the underwriters for the US IPO. Senior managers are DNB Markets, Evercore Group and Skandinaviska Enskilda Banken with ABN AMRO Securities (USA), Clarkson Capital Markets, KBC Securities USA, and Scotia Capital (USA) acting as co-managers.