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Dorian LPG prices IPO at $19 midpoint

5/8/2014 8:53:00 AM
By: Renaissance Capital
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.