Chemical transportation company Stalwart Tankers files for a $100 million IPO

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Stalwart Tankers, which was recently formed to acquire and operate a fleet of mid-size chemical tankers, filed on Friday with the SEC to raise up to $100 million in an initial public offering. The Athens, Greece-based company, which was founded in 2013 and booked $24 million in sales for the 12 months ended September 30, 2013, plans to list on the NYSE under the symbol STST. Stalwart Tankers initially filed confidentially on September 19, 2013. Jefferies, Wells Fargo Securities and Global Hunter Securities are the joint bookrunners on the deal. No pricing terms were disclosed.




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This article appears in: News Headlines , IPOs

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