VLGC proprietor and operator BW LPG is poised to see its shares listed on the New York Inventory Trade on Monday, April 29.
The Oslo-listed unit of Singapore’s BW Group stated that the NYSE had permitted the itemizing and that it expects to start out transferring shares on or about April 25.
The Kristian Sørensen-led firm with a fleet of greater than 40 VLGCs was listed on the Oslo inventory trade in 2013, and the corporate stated it intends to retain this itemizing as major.
“BW LPG’s upcoming twin itemizing on the NYSE is a major milestone for our firm and enhancing our entry to the world’s largest capital market and its investor base,” stated chief govt Sørensen.
This will likely be BW Group’s second firm itemizing within the US this month, following product tanker big Hafnia.