Scorpio prices share issue for $190m haul

On top of the $190m public offering, underwriters have a 30-day option to purchase up to 3m additional shares, a potential extra $28.5m.

Scorpio's last offering of common stock, priced at $8.30 per share, earned the company $300m from the 36m shares in May this year.

For the offering, which is expected to close on 5 August, UBS Securities is acting as sole book-running manager with RS Market Platou Markets as joint lead manager and Global Hunter Securities as co-manager.

The proceeds from the offering are expected to be used for tanker and LPG carrier purchases.

At the end of trading 31 July, Scorpio's shares stand at $9.95.