Ardmore Shipping Prices Public Offering Of Shares For US$45.2 Million

Published: Nov 27 2017
Deal Summary

Ardmore Shipping Corporation, a company that owns and operates a fleet of product and chemical tankers, priced the public offering of 5,579,978 shares, at a price of US$8.1 per share, for gross proceeds of US$45.19 million (MM). In addition, the company has granted the underwriter a 30-day option to purchase up to an additional 634,497 shares. The shares are sold by GA Holdings LLC.

Morgan Stanley is acting as underwriter for the offering.

Deal history

Pricing: On November 28, 2017, Ardmore Shipping priced the public offering of 5,579,978 shares, at a price of US$8.1 per share, for gross proceeds of US$45.19 MM.

Planned: On November 27, 2017, Ardmore Shipping intends to issue 5,579,978 shares in a public offering.

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