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Tanker firm Ardmore Shipping files for IPO with US SEC

7:43 AM MDT | July 1, 2013 | Francinia Protti-Alvarez

Ardmore Shipping (Cork, Ireland) says it has filed with the US SEC to raise up to $160 million in an initial public offering (IPO) of common stock. Morgan Stanley (New York), Jefferies (New York), and Clarkson Capital Markets (New York) will act as underwriters. Ardmore Shipping plans to list its shares on the New York Stock Exchange. The filing did not include the number of shares the company intends to list or their value. Funds raised through the IPO would go toward acquiring new vessels, the filing says. Ardmore Shipping commenced its business operations in...

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