Britannia Bulk Holdings BBL IPO

There is a new IPO or initial public offering to come to the US stock markets. London based Britannia Bulk Holdings Inc is planning to come out with an initial public offering.
What is the business of Britannia Bulk Holdings?
Britannia Bulk Plc (BBL) is an international provider of drybulk transportation services with a focus on transporting drybulk commodities and the Baltic region. Their fleet consist of about 50-70 ships and barges, a mix of our owned thirteen bulk carriers, five barges and four tugs and chartered-in bulk carriers.

BBL operates in the Baltic/Continent coal trade, and in areas such as Europe, South America, Far East and Australia, principally in the Handy to Panamax size.

What is the size of Britannia Bulk Holdings IPO?
The Britannia Bulk Holdings IPO expects to raise around 140 million USD.

How many shares will be sold through the Britannia Bulk Holdings IPO?
A total of 8.33 millions shares will be sold through the Britannia Bulk Holdings IPO.

What is the price range or price band of the Britannia Bulk Holdings IPO shares?
The Britannia Bulk Holdings IPO shares will be sold in the price range of $17 to $19 a share.

Britannia plans to list its stock on the New York Stock Exchange under the symbol "DWT." Goldman Sachs and Banc of America Securities are the lead underwriters for the IPO.

Table of Contents