Nordic American Tankers launched its first share offering in two years in a bid to raise cash that could be used for fleet expansion.
The New York-listed suezmax owner said it will sell up to 11 million common shares in the public portion of the offering.
Underwriters will have options to buy an additional 1.65 million shares.
At today’s price for NAT stock, the offering could bring in $135m, though share prices often decline after announcement of an offering.
“The
