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Petroleum tanker company Diamond S Shipping Group files for a $100 million IPO

February 4, 2014
DSG

Diamond S Shipping Group, which provides seaborne transportation of refined petroleum and is backed by WL Ross, filed on Tuesday with the SEC to raise up to $100 million in an initial public offering. The Greenwich, CT-based company, which was founded in 2013 and booked $178 million in sales for the fiscal year ended December 31, 2013, plans to list on the NYSE under the symbol DSG. Diamond S Shipping Group initially filed confidentially on September 18, 2013. Jefferies and BofA Merrill Lynch are the joint bookrunners on the deal. No pricing terms were disclosed.