Mar 18 • 07:15 UTC 🇬🇷 Greece Naftemporiki

Capital Tankers’ debut on Oslo Euronext Growth

Capital Tankers Corp. has made a successful entry onto the Oslo Euronext Growth, raising $500 million in what marks the largest shipping IPO in two decades.

Capital Tankers Corp. has successfully listed its shares on the Oslo Euronext Growth, a significant milestone for the company and the shipping industry as a whole. The listing follows an unprecedented capital raise, which reached a total of $500 million, making it the largest IPO for a shipping company in the history of the Oslo Stock Exchange. This remarkable achievement also ranks among the largest shipping IPOs globally in the past five years, highlighting the robust confidence shown by the international investment community in Capital Tankers' strategic vision.

With the completion of the IPO, Capital Tankers has a market capitalization of approximately $2 billion, signaling strong investor interest. Of the total shares, 26% were allocated to long-term institutional investors, while the majority 74% remains with Capital Maritime & Trading. The investment focus on long-term investors suggests a stable future and support for the company’s growth strategy, particularly in the current dynamic market landscape.

The proceeds from the public offering will primarily fund Capital Tankers' newbuilding investment program, indicating an aggressive strategy for expansion and innovation within the company. By securing substantial financing, the company is positioned not only to enhance its operational capabilities but also to potentially lead in sustainability and advancements in shipping technology, aligning with global trends in environmental responsibility and efficiency.

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