Petroleum transporter Dorian LPG files for a $288 million IPO

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Dorian LPG, an international liquefied petroleum gas shipping company, filed on Friday with the SEC to raise up to $288 million in an initial public offering. The Stamford, CT-based company, which was founded in 2013 and booked $39 million in sales for the fiscal year ended March 31, 2013, plans to list on the NYSE under the symbol LPG. Its stock is currently traded on the Norwegion OTC market under the symbol DORIAN. Dorian LPG initially filed confidentially on January 21, 2014. J.P. Morgan and UBS Investment Bank are the joint bookrunners 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

Referenced Stocks: LPG

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