Ardmore Shipping prices IPO at $14, below the range

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Ardmore Shipping, which provides seaborne transportation of refined petroleum products and chemicals worldwide, raised $140 million by offering 10 million shares at $14, below the range of $15 to $17. Ardmore Shipping plans to list on the NYSE under the symbol ASC. Morgan Stanley, Jefferies & Co. and Clarkson Capital Markets acted as lead managers on the deal.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



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