ShippingWatch

IPO prospectus prices OW of up to 1 bln USD

OW Bunker has published its prospectus aimed at making investors buy shares in the major bunker company. Ahead of the IPO, OW Bunker has set an indicative price in the range of USD 820 million to USD 1.02 billion. Read the prospectus below.

OW Bunker has issued a prospectus ahead of the IPO long expected from the company, and the bunker supplier has set an indicative price of USD 820 million to USD 1.02 billion ahead of the listing.

The offering period of the new shares runs from March 20th till April 1st, with between 733,333 and 916,667 new shares issued in the price range of USD 22.3 to USD 27.9 per share. Meanwhile, current major stake-holders will sell a total of 18.4 million shares. As such, some 40-60 percent of the OW Bunker shares will be traded.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Maersk Product Tankers expects 2022 to be "not an amazing year"

There’s no doubt that 2021 was a miserable year for the global tanker industry. But 2022 could end up strong, many parties say. Maersk Product Tankers is more doubtful. ”2022 won’t be an amazing year,” CEO Christian M. Ingerslev tells ShippingWatch.

Researcher criticizes TotalEnergies' fuel report

TotalEnergies ignores shipping’s climate adaptions in the company’s prognosis for shipping’s future fuel consumption, researcher says in criticism. Among other things, TotalEnergies supports LNG.

OOCL doubles revenue despite significant drop in volumes

Container line OOCL, owned by China’s Cosco, doubled its revenue in 2021, with the top line for Q4 alone surging by 101.4 percent, the carrier says. This major increase happens despite a dive in container liftings during the quarter.

Further reading

Related articles

Latest news

See all jobs