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 This material may not be published, broadcast, rewritten or redistributed.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.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Breitbart: Govt Report Says Congress Can 'Defund' Amnesty

Thursday, 27 Nov 2014 12:05 PM

Breitbart News reports that the Congressional Research Service , a nonpartisan branch of the Library of Congress , concl . . .

Early Casualty of Obama Amnesty: Tax Breaks for Working Americans

Thursday, 27 Nov 2014 08:54 AM

Behind-the-scenes bargaining between Senate Majority Leader Harry Reid and GOP Rep. Dave Camp on a bundle of about-to-ex . . .

Senate Dems Ever More at Odds With Obama, WH Policies

Thursday, 27 Nov 2014 07:47 AM

Criticism of President Obama's signature healthcare law by a top Senate Democrat this week laid bare post-election tensi . . .

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