Britannia Bulk Holdings (DWT) IPO Trades Lower
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The IPO for Britannia Bulk Holdings (NYSE: DWT) is open for trading. The stock is trading at $14.35 after pricing 8,333,333 shares at $15.00 per, below the expected $17-$19 range.
Goldman, Sachs & Co. and Banc of America Securities LLC are acting as joint book-runners for the offering. Dahlman Rose & Company, LLC and Oppenheimer & Co. Inc. are acting as co-managers for the offering.
Britannia Bulk Holdings Inc is an international provider of drybulk shipping and maritime logistics services with a focus on transporting drybulk commodities in and out of the Baltic region.
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