Back to Main

Dorian LPG prices IPO at $19 midpoint

By: Renaissance Capital
Posted: 5/8/2014 8:53:00 AM
Referenced Stocks: LPG

Dorian LPG, which owns very large liquefied petroleum gas ( LPG ) carriers, raised $135 million by offering 7.1 million shares at $19, the midpoint of the $18-$20 range. Dorian LPG plans to list on the NYSE under the symbol LPG. J.P. Morgan, UBS Investment Bank, Clarkson Capital Markets and Wells Fargo acted as lead managers on the deal.