Diana Shipping Prices at 1.37X Net Asset Value; 8X Cashflow

As we reported last week, Diana Shipping became the newest member of the public shipping company family last Friday when the company priced its 12.3 million share issue last week at $17 each to raise approximately $210 million. As always, we thought it would be interesting to take a look at how the valuation compares to other public companies.

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