Subscribe to RSS feedUS flotation for Baltic Trading dry bulk tilt
BALTIC Trading, a dry bulk start-up launched by Peter Georgiopoulos, is poised to become the first mainstream shipping initial public offering (IPO) in the US since financial markets collapsed last year, with the ability to spend a potential US$300m on its first ships.
Baltic filed a preliminary prospectus last week with US regulators to raise US$230m through an IPO. Pricing and timing were not announced.
Baltic wants to be a high-dividend, low-debt, spotmarket specialist, a direct opposite of the long-term growth driven...
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