The MLP yesterday issued 9.6 million share at $20.00 apiece, the mid-point of the range, in an issue that is worth an initial $192m.
Hoegh Partners opened at $22 per share and climbed to $22.25 by the close of trading.
This marked an 11.25% climb for the $585m company.
“Although HMLP has a short backlog, we find that there is still upside to the stock and hence also for Hoegh LNG,” said Erik Nikolai Stavseth of Arctic Securities in a report.
