The “Other” Winners From Global Offerings

In the perfect offering, there are no losers. The company making the offering gets much needed capital to improve operations, acquire new or additional vessels, or take care of general corporate needs. The investor gets a sound investment presumably where returns might be better than “average.” Vessel management companies involved get an extra piece of business. And lesser known, but no less important winners are the underwriters, attorneys, brokers and accountants, who put the deals together.

Seldom does the reader of the prospectus get any information on these fees other than a statement of the gross and net fee amounts of the offering. Specifics are carefully buried inside the prospectus, written, not surprisingly by financial advisors and their attorneys.

This is only an excerpt of The “Other” Winners From Global Offerings

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