Open House in the Equity Markets

Having previously done a follow-on offering of 3 million shares back in January, which raised net proceeds of approximately $107.5 million, including the over allotment, Nordic American Tanker Shipping (“NATS”) again seized the opportunity and initially announced on Tuesday, after the market closed, an underwritten public offering of another 3.5 million common shares, pursuant to its effective shelf registration. The company also granted the underwriters a 30-day option to purchase an additional 525,000 shares to cover over allotments. The shares closed at $36.08 on Tuesday. Subsequently, due to investor demand, the offering was increased to 4 million shares with the

This is only an excerpt of Open House in the Equity Markets

Content is restricted to subscribers. To continue reading please Log-In or view our subscription options.

Existing Users Login
Username
Password

Related Archive Files

• No Related Post