At NOK 47 ($7.67) per share, close to the upper limit of NOK 50 per share the company had previously announced, the sale values BW LPG at over $1bn.
The total proceeds of the offering of over 36 million new shares exceeded NOK 1.7bn, BW announced in an exchange filing.
Parent company BW Group raised NOK 1.36bn from the sale of close to 29 million units representing around 21.2% of the newly listed shipowner.
Sohmen-Pao family controlled BW has held onto a 52.2% stake in the company following the offering, prior to the exercise of the over-allotment option granted to the joint lead bookrunners.
BofA Merrill Lynch (BofAML), Skandinaviska Enskilda Banken (SEB) and Deutsche Bank have been over-allotted 9.78 million shares, representing approximately 15% of the shares sold.
The trio have exercised their option to borrow that number of shares from the selling shareholder to cover the over-allotment which must be exercised within 30 days.
Shares in BW LPG are currently changing hands at around NOK 50 each.
