WL Ross-backed petroleum transporter Diamond S Shipping Group sets terms for $210 million IPO

Diamond S Shipping Group, a WL Ross-backed petroleum shipping company and one of the largest operators of medium range tankers, announced terms for its IPO on Wednesday. The Greenwich, CT-based company plans to raise $210 million by offering 14 million shares at a price range of $14 to $16. At the midpoint of the proposed range, Diamond S Shipping would command a market value of $710 million. The company, which was founded in 2013 and booked $178 million in sales for the year ended December 31, 2013, plans to list on the NYSE under the symbol DSG. Diamond S Shipping Group initially filed confidentially on September 18, 2013. Jefferies and BofA Merrill Lynch 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.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

More Related Articles

Info icon

This data feed is not available at this time.

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.