Tanker Investments Raises $175 Million in IPO

OSLO, March 20 (Reuters) - Tanker Investments' raised $175 million in an initial public offering in Oslo, valuing the firm at 2.9 billion crowns ($480 million), the company said in a statement on Thursday. The offer was priced at 78 crowns per share, in the middle of the latest guidance range of 77-79 crowns but at the upper end of the initial 70-80 crown guidance. Tanker … [Read more...]

Tanker Investments Ltd Expands Share Offering After Strong IPO

OSLO, March 14 (Reuters) - The initial public offering (IPO) for Tanker Investments Ltd in Oslo is oversubscribed and will be expanded to $150-175 million from $100 million, and the new range is also likely to be oversubscribed, the firm said on Friday. Tanker Investments is a specialised investment company focused on the crude oil mid-size tanker market. It owns a fleet of … [Read more...]