Wilbur Ross cancels tank carrier IPO

American major investor Wilbur Ross defends the decision to cancel an initial public offering (IPO) in New York, pointing to a weak stock market climate.

BY OLE ANDERSEN

Earlier this week, major American investor and equity fund owner Wilbur Ross canceled a planned IPO at the New York Stock Exchange for product tank carrier Diamond S. Shipping.

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Wilbur Ross ready to stock-list product carrier
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Wilbur Ross carrier expands ownership and product fleet
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