TheTeekay tanker spin-off said Friday that it was now likely to raise between$150m to $175m from the initial public offering (IPO).
“The offering has attracted strong investorinterest since the IPO launch on 10 March 2014 and continues to see significantinterest,” TIL said in a statement.
Inaddition, TIL said the over-allotment facility granted to the joint bookrunnersis now expected to cover up to 10% of the offering.
