Capital Tankers Corp. successfully completed its public share offering, raising approximately USD 2.3 billion, setting a record for the Oslo Stock Exchange and for shipping companies worldwide.
Capital Tankers Corp. has achieved significant success with its public offering of shares, garnering immense demand that led to oversubscription far beyond the initial offering. Approximately USD 2.3 billion was raised, marking this offering as one of the largest fundraising efforts by a shipping company globally and the largest in history at the Oslo Stock Exchange.
The board of Capital Tankers Corp. responded to the overwhelming interest from both Norwegian and international investors by increasing the size of the initial offering. Initially set at around USD 300 million, it was raised to USD 435 million, alongside an increase in the number of additional shares available, from about USD 45 million to USD 65 million. This adjustment brought the total offering size to USD 500 million, reflecting investor confidence and demand in the maritime sector.
With the completion of the transaction, approximately 26% of the capital of Capital Tankers Corp. is now being publicly traded, highlighting the company's growth and its strategic move to capitalize on favorable market conditions. This development not only underscores the health of the maritime industry but also showcases the potential for significant investment and growth within this sector.
