Scorpio Bulkers is set to collect $63m from Wall Street’s first major shares issue of 2016.

The Lolli-Ghetti family's Scorpio Services Holding is snapping up $15m worth of stock in the bulker owner’s third fundraiser since its 2013 initial public offering.

Finance sources had indicated Scorpio would look to upsize the offering, which was expected to price between $3 and $3.25