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Drybulk carrier operator Safe Bulkers files for IPO

May 19, 2008
SB

Safe Bulkers, which operates a fleet of 11 drybulk vessels, filed with the SEC for an IPO on Friday. The company's parent and sole stockholder, Vorini Holdings, is offering 10 million shares at a range of $20-$22. Merrill Lynch and Credit Suisse are the joint lead managers on the deal, which is expected to price during the week of May 26th.