The Nordic American Tanker (NAT) spin-offlaunched a sale of 5.88m shares on Monday, and will also sell 882,000 shares tounderwriters.
The Norwegian over the counter-traded ownerhas priced the issue at between $16 and $18 each as it seeks a second listing.
Up to $13m of the stock has been reservedfor NAT.
NAO currently owns a fleet of eight sistervessels, with six on the water and two more to be delivered in January 2015.
The
