Euronav has announced it has upsized its IPO to 16.2m shares at an issue price of $12.25, for a gross of $229,062,750 if all 2.4m additional purchase option shares are taken up by underwriters.
As widely anticipated, Euronav has come to market with its offering on the New York Stock Exchange (NYSE) hoping to raise as much as $201.6m ($185m net) figuring an overallotment allowance granted to the underwriters. Financial pundits say that ...
Paddy Rodgers, the quick-witted CEO of Euronav, filled the room at a luncheon hosted by the Connecticut Maritime Association recently in midtown New York. The elite group of attendees included top tanker brokers, local owners, including...
Expanding tanker owner Eurnoav has reported a $20.6m loss for the third quarter, improving on a $27.1m loss in the same period last year.
Expansionist tanker owner Euronav has filed for an initial public offering (IPO) on the New York Stock Exchange (NYSE).
Euronav has reported a $22.6m loss in the second quarter, compared to a $10.7m loss in the same period last year.
The four VLCCs purchased by Euronav for $342m, announced yesterday, were bought from Maersk Tankers, the Danish group has revealed.
Euronav is continuing its fleet expansion buying four secondhand VLCCs for $342m.