George Economou’s DryShips Files S-1: A Look Inside

George Economou’s dry bulk shipping IPO, to be called “DryShips”, filed a prospectus today to sell 7.1 million shares at $16-$18 each in an initial public offering with underwriters Cantor Fitzgerald & Co., Hibernia Southcoast Capital, Oppenheimer & Co., Dahlman Rose & Company, and HARRISdirect. A market report from CBS Marketwatch today reported that the price range is actually $14-$16. DryShips plans to pay a 5% dividend and will be listed on the Nasdaq under the ticker symbol “DRYS.”

As is our policy, we will refrain from presenting our valuation of the company intil the transaction is complete, so the following facts have been taken directly from the offering document.

This is only an excerpt of George Economou’s DryShips Files S-1: A Look Inside

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