BW Pacific pulls Oslo IPO

BORSEN

BW Pacific pulled its planned $250m IPO on the Oslo Stock Exchange.

In a brief statement BW Pacific said: “The company has resolved not to proceed with the offering and listing under the current market conditions.”

The offering was expected to be priced at between NOK44 and NOK50 per share, and was planned to raise $250m. The funds would have financed part of its newbuilding programme.

BW Pacific did not say if it plans to revive the IPO at a later date.

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