Two European banks have been able to leverage lending roles into underwriting positions on the upcoming initial public offering (IPO) of Greece-based Quintana Shipping.
Both DVB Bank and ABN Amro are supporting lead underwriter Morgan Stanley on the dry bulk offering, which could become the first fresh IPO to succeed in New York since Baltic Trading in 2010.
The two were Quintana’s go-to lenders as it financed expansion of its initial fleet from 2011.
Quintana
