Iranian Ship Linked to Houthi Attacks Heads Home Amid Tensions
(Bloomberg) — An Iranian ship that’s been linked to Houthi attacks in the Red Sea is returning home, removing a prominent asset in the area as the Islamic Republic braces...
The offshore support vessel company plans to add to its fleet of 32 ships and repay debt using funds raised through the initial public offering (IPO), which bankers expect to take place in the second quarter of this year.
Icon plans sell up to 510.6 million shares – 324.7 million to domestic and foreign institutional investors, 135.3 million to indigenous “Bumiputra” institutional investors, and 50.6 million to individual investors, showed a draft prospectus filed late on Wednesday.
Bumiputra are ethnic Malays and other indigenous people in Malaysia who receive preferential treatment in business, housing and education under a decades-old government policy.
BNP Paribas, Credit Suisse and Maybank are joint global co-ordinators for Icon’s IPO. (Reporting by Yantoultra Ngui; Editing by Christopher Cushing)
(c) 2014 Thomson Reuters, All Rights Reserved
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 105,944 members that receive our newsletter.
Have a news tip? Let us know.
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
Sign UpMaritime and offshore news trusted by our 105,944 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up