Scorpio Tankers (STNG)

Latest Trade: $10.97 0.00 (0.0%)

IPO News

Scorpio Tankers quiet period ends May 9 5/4/10
Scorpio Tankers prices IPO at $13, below the range 3/31/10
5 IPOs planned for the week of Mar 29 3/28/10
Scorpio Tankers sets terms for fourth shipping IPO this year 3/18/10
Scorpio Tankers plans a $150 million IPO 2/17/10

Latest User Comments

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This IPO is overpriced and a ripoff 3/27/2010 6:02:04 PM

Posted by: bulkertanker

Mgmt is retaining 5.6m shares @15 = $84m but they are contributing 3 vessels only worth $40m after subtracting the $39m of mortgage debt. So the cash...

Business

Business
Provides seaborne transportation via three Panamax tanker vessels.
Industry
Transpt-Shipping
Employees
6
Founded
1971

Interested in IPO Investing?

First Day Return
12.5600

-3.4%
Aftermarket Return
12.5600

-12.7%
Return from IPO
13.0000

-15.6%

IPO Date
03/30/10
Offer Price
$13.00
Offer Shares
12.5 mm
*Financial data reflects carve-out from parent company (Liberty Holding).
Lead Manager(s)
Morgan Stanley
Dahlman Rose & Co.
Co Manager(s)
Fearnley Fonds

All Underwriters

STNG Daily

Chart

Corporate Data

Company Address
9, Boulevard Charles III
Monaco, Monaco
Phone Number
+377-9798-5716
Web Address
www.scorpiotankers.com