In a statement the Nasdaq-quoted owner said 250 million shares commanded $1.40 a piece.
Following the deduction of fees and expenses the operator said net proceeds amounted to approximately $333.7m.
DryShips reminded investors that the cash will be used to plug a funding gap linked to a convertible bond that matures on 1 December 2014.
As we reported chief executive George Economou participated in the offering, which was backed by RS Platou Markets, Pareto Securities, and DVB.
