Simeon Palios and Fortis-owned Diana Shipping began its roadshow in London this week to raise $241 million through the sale of 14.2 million shares of common stock, which will trade on the New York Stock Exchange under the ticker “DSX”. Bear Stearns is sole bookrunner on the deal, and co-managers include Jefferies & Company, UBS Investment Bank and Fortis Securities, which immediately prior to the offering will own 25% of Diana through its private equity fund Maas Capital Investments.
This is only an excerpt of Diana Shipping – Sailing Toward a Successful IPO
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Tags: · Bear Stearns, Diana Shipping, Diana Shipping Services (DSS), DryShips, Fortis, Fortis Securities, Jefferies & Company, Louis Dreyfus Armateurs, Maas Capital Investments, Nordic American Tankers, Simeon Palios, UBS Investment Bank
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