HSHP News

The IPO Pickup Gets Cut Short Following the US IPO market's slowest year in decades, the first quarter of 2023 continued the trend with 29 IPOs raising just $2.3 billion. Deal flow started at a decent pace but failed to pick back up after the February lull, as hawkish signals from the Fed, renewed recession fears,...read more

Eight issuers began trading this past week, six of which are eligible for inclusion in our IPO stats. All eight are based outside of the US, and most of the deals downsized at pricing. Two blank check IPOs also debuted. Three small IPOs and one SPAC submitted initial filings. Oslo-listed maritime bulk carrier Himalaya Shipping (HSHP) raised $45 million at a $231...read more

Himalaya Shipping, which is acquiring a fleet of vessels for maritime shipping of bulk dry goods, raised $45 million by offering 7.7 million shares at $5.80, slightly below the as-converted March 30 close of its shares on Oslo's Euronext Expand ($5.85). Himalaya Shipping is in the process of acquiring 12 Newcastlemax dry bulk vessels. The company has already received two, and...read more

Himalaya Shipping, which is acquiring a fleet of vessels for maritime shipping of bulk dry goods, announced terms for its IPO on Monday. The Hamilton, Bermuda-based company plans to raise $45 million by offering 7.8 million shares at $5.74, the as-converted last close of its shares on Oslo's Euronext Expand (HSHIP). At the proposed price, Himalaya Shipping would command a...read more