Tufton Oceanic Assets has unveiled plans for an initial public offering (IPO) in London from which it aims to raise in excess of $100m.
It plans to offer around 100m shares at a price of $1 each, according to a regulatory filing. Shares are expected to be admitted on 20 December 2017.
Tufton says it will invest in a diversified portfolio of secondhand tonnage, with an initial emphasis on medium to long term bareboat and time charter employment
The UK-based fund manager has appointed Tufton Oceanic Ltd as investment manager and alternative investment fund manager.
