Newly-formed drybulk shipping company Scorpio Bulkers sets terms for $151 million IPO

By
A A A

Scorpio Bulkers, a recently-formed drybulk shipping company, announced terms for its IPO on Friday. The Monaco-based company plans to raise $151 million by offering 15.5 million shares at $9.75 per share. At the midpoint of the proposed range, Scorpio Bulkers would command a market value of $1.1 billion. he company currently trades on the Norwegian OTC markets under the ticker SALT.

Scorpio Bulkers, which was founded in 2013, plans to list on the NYSE under the symbol SALT. Scorpio Bulkers initially filed confidentially on October 1, 2013. Deutsche Bank, Credit Suisse and RS Platou Markets are the joint bookrunners 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.



This article appears in: News Headlines , IPOs

Referenced Stocks: SALT

Renaissance Capital

Renaissance Capital

More from Renaissance Capital:

Related Videos

Tiny Homes With Big Appeal
Tiny Homes With Big Appeal          

Stocks

Referenced

100%

Most Active by Volume

270,887,127
    $93.89 unch
225,243,115
  • $40.93 ▼ 2.74%
135,900,109
  • $47.52 ▲ 1.80%
89,467,924
  • $5.35 ▼ 1.11%
85,105,358
  • $16.95 ▼ 0.53%
80,748,539
  • $39.80 ▼ 4.21%
68,491,586
  • $3.57 ▼ 1.79%
62,097,356
  • $100.96 ▼ 0.82%
As of 9/19/2014, 04:15 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com