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Gener8 Maritime prices IPO at $14, well below the range

June 25, 2015
GNRT

Gener8 Maritime, a oil tanker owner formed via the merger of General Maritime and Navig8 Crude, raised $210 million by offering 15 million shares at $14, well below the range of $17 to $19. Gener8 Maritime plans to list on the NYSE under the symbol GNRT. Gener8 Maritime initially filed confidentially on 11/12/2014. Citi, UBS Investment Bank, Jefferies and Evercore Partners acted as lead managers on the deal.