Trading commenced today at 09:00 a.m. CET, celebrated with a Bell
Trading commenced today at 09:00 a.m. CET, celebrated with a Bell Ceremony. This listing follows the successful completion of a NOK 4.8 billion private placement, approximately USD 500 million, making it the largest shipping listing in the last two decades.
This transaction is not only the largest shipping IPO in the last 20 years but also ranks among the largest in the past five years in terms of market capitalization. The strong confidence of the international investment community in Capital Tankers’ strategic vision and growth prospects is evident.
With the successful listing, Capital Tankers achieved a market capitalization of approximately NOK 17.56 billion (USD 2 billion). A notable 26% stake of the company’s share capital has been allocated to the investing public, primarily targeting long-term institutional investors, while Capital Maritime & Trading retains a significant 74% stake. The private placement attracted more than 900 investors, including a dedicated retail tranche of over 500 applicants, and was significantly oversubscribed after an upsizing due to strong demand.
The funds raised from this public offering will primarily be utilized to finance the company’s shipbuilding investment program, alongside covering working capital, transaction costs, and other general corporate purposes.
At the
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