Scorpio is looking for an extra$175m from its New York Stock Exchange float, up from the $100m it had previouslyoutlined.
Deutsche Bank Securities has been leading the listing and today CreditSuisse was added as a second underwriter.
Larger fleet
Scorpio, which has already raised$850m from investors while quoted on Oslo'sover the counter (OTC) market, will go to Wall Street with a fleet of 43 vessels.
This is up from the 36 bulker newbuildings on its roster when the firstdetails of the listing, which TradeWinds had previously revealed, becamepublic.
Today, its fleet comprises 26 ultramaxes, 14 kamsarmaxesand three capesizes.
Familiar faces
SALT is to be led by chairman EmanueleLauro, president Robert Bugbee and chief operating officer Cameron Mackey – thesame trio at the head of New York-listed Scorpio Tankers, which has rapidlyamassed the world's largest orderbook of products tankers.
Former HSH Nordbank and Evercore Partnersexecutive Hugh Baker slots in at chief financial officer. The board ofdirectors includes such heavyweights as Roberto Giorgi, the longtime V Shipsmanager, and Michael Steimler, former executive with the Tankers International(TI) pool and Euronav.
SALT intends to use IPO proceeds both fornewbuilding commitments of the initial fleet and for vessel acquisitions, theprospectus states.
