Tags: US | Crude | Carriers | IPO | Mover

Crude Carriers Shares Fall in Trading Debut

Friday, 12 Mar 2010 10:43 AM

 

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink

Shares of Crude Carriers are falling in their market debut Friday after its initial public offering raised $256.5 million.

Crude Carriers, based in Greece, had hoped to raise as much as $270 million.

Shares are trading Friday at $18.50 per share, down 50 cents, or 2.6 percent from their offering price of $19.

The shares priced at the bottom of their expected range.

Crude Carriers Corp. is the second shipping firm to go public this week, following Baltic Trading Ltd. on Wednesday. Both plan to use proceeds to buy ships.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Top Democratic Aide Says No to Running a 2016 Hillary Campaign

Sunday, 21 Dec 2014 19:33 PM

One of the leading candidates to manage Hillary Clinton's expected campaign for U.S. president in 2016 has withdrawn fro . . .

Atlanta US Attorney Yates Tapped for Deputy AG

Sunday, 21 Dec 2014 17:46 PM

President Barack Obama is preparing to nominate the top federal prosecutor in Atlanta to the No. 2 position at the Justi . . .

Allen West Says Goodbye to Florida at Holiday Party

Saturday, 20 Dec 2014 08:49 AM

Tea party hero Allen West is making his final Florida appearance before moving to Texas. . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved