Petroleum shipper Product Shipping Limited files for a $100 million IPO

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Product Shipping Limited (PSHP.RC), a shipping company with 10 petroleum tankers and a total capacity of 543,090 dwt, filed on Thursday with the SEC to raise up to $100 million in an initial public offering.

The Elliniko, Greece-based company, which was founded in 2012 and booked $40 million in pro forma sales for the year ended December 31, 2013, plans to list on the NASDAQ but has not disclosed a ticker. Morgan Stanley is the sole bookrunner on the deal. No pricing terms were disclosed.




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

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