Safe Bulkers IPO

A shipping company from overseas is expected to hit the stock markets very soon. The Greek Shipping company, Safe Bulkers, is all set to list on the NYSE or New York Stock Exchange, with its proposed IPO or Initial Public offering.

What is the expected size of the Safe Bulkers IPO?
The Safe Bulkers IPO is expected to raise money in the range of 190 million US Dollars.

How many shares of Safe Bulkers will be sold through the IPO?
A total of 10 million shares will be sold through the Safe Bulkers IPO.

What is the price of the Safe Bulkers IPO shares?
The Safe Bulkers IPO shares have been priced at $19 per share. It is 1 dollar less than the expected low price range of the Safe Bulkers IPO. Initially, it was expected that Safe Bulkers IPO will be priced in the range of $20 to $22 per share, hence a price of $19 per share may prove to be a bargain for the investors.

What are the business valuations and market outlook for the Safe Bulkers IPO?
The company, Safe Bulkers ships bulk cargoes, particularly grain, iron ore and coal, on worldwide routes.

Who are the underwriters of the Safe Bulkers IPO issue?
Merrill Lynch & Co, Credit Suisse, Jefferies & Company, Dahlman Rose & Co, Poten Capital Services LLC and DnB NOR Markets as underwriters.
The shares of Safe Bulkers IPO will be listed on the New York Stock Exchange under the symbol "SB".

Let’s see how this Safe Bulkers IPO performs in the markets.

Table of Contents