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Western Bulk raised "only" USD 126.1 million in Oslo

Norwegian company Western Bulk managed to raise USD 126.1 million through its launch on the Oslo Stock Exchange, somewhat less than expected.
Photo: Oslo Børs
Photo: Oslo Børs
BY JØRGEN RUDBECK

The initial public offering (IPO) of Norwegian company Western Bulk did not raise as much cash for the company as expected. In fact, the company, which is owned by the Kistefos Group, only raised USD 126.1 million, compared to an expected USD 202.1 million, according to Lloyd's List.

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