Genco Shipping IPO set at 11.5M shares
Transporter of iron ore, steel has estimated price range of $24-$27 a share.
WASHINGTON -(Dow Jones)- Underwriters for Genco Shipping & Trading Ltd. on Wednesday set the terms of the company's pending initial public offering at 11.5 million shares with an estimated price range of $24 to $27 a share.
On May 9, Genco Shipping filed an IPO to sell up to $350 million in common stock but didn't detail the terms of the offering.
According to an amended Form S-1 filed with the Securities and Exchange Commission, Fleet Acquisition LLC will be offering 1 million shares in the IPO
Read more on CNN