WL Ross-backed Navigator Holdings sets terms for $203 million IPO

By Renaissance Capital,

Shutterstock photo

Navigator Holdings, which owns and operates the world's largest fleet of handysize liquefied gas carriers, announced terms for its IPO on Wednesday. The London, United Kingdom-based company plans to raise $203 million by offering 11.3 million shares (26% insider) at a price range of $17 to $19. At the midpoint of the proposed range, Navigator Holdings would command a market value of $983 million.

Navigator Holdings, which was founded in 1997 and booked $207 million in sales for the 12 months ended September 30, 2013, plans to list on the NYSE under the symbol NVGS. Navigator Holdings initially filed confidentially on July 18, 2013. Jefferies and Morgan Stanley 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 Nasdaq, Inc.

This article appears in: News Headlines IPOs
Referenced Stocks: NVGS

More from Renaissance Capital


Renaissance Capital

Renaissance Capital

Follow on:

Find a Credit Card

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