Avance may collect almost $115m from a float which could also prove more lucrative than expected for its existing investors.

The VLGC owner has been guiding for $100m in fresh capital from the IPO for which it filled the book last week.

This morning it narrowed the range of the offer to between NOK 121 and 126 per share.

At this level Avance would be left with between NOK 660.91m