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.
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