Home About UsPublicationsForumsConsultingContact Us
Back to Earlier Search Results New Search Logout

Links

CMA Shipping 2011

Marine Money Forums

Marine Money Asia Week

Freshly Minted Newsletter

Marine Finance Dashboard

Like the Energizer Bunny, Sevan Drilling’s IPO Keeps Going and Eventually Succeeds

In early April, Sevan Drilling ASA, a wholly owned subsidiary of Sevan Marine ASA (“Selling Shareholder”), announced a global offering of its shares of up to NOK 3,270 million (~$595) by way of a combined secondary offering of existing shares by the Selling Shareholder and a primary issuance of new shares. The offering would consist of an institutional offering, a retail offering to Norwegian investors and an employee offering. The share price is to be established through a book building process for the institutional offering. Based upon an expected price range of NOK 16-21 per share, the company expected a primary issue of up to 120 million new shares (~$350) and 64 million secondary shares (up to ~$245 million).

This is only an excerpt of Like the Energizer Bunny, Sevan Drilling’s IPO Keeps Going and Eventually Succeeds

Content is restricted to subscribers. To continue reading please Log-In or view our subscription options.

Existing Users Login

Username
Password
 


Related Archive Files


Leave a Reply

You must be logged in to post a comment.

Copyright 2008. Marine Money. All Rights Reserved.