Ofer targets Oslo as first step on road to crude IPO

Idan Ofer is planning a pure-play crude tanker initial public offering (IPO) and is using Oslo’s over-the-counter (OTC) market as the first step in realising his ambition.

Ofer’s Quantum Crude Tankers is hunting $200m from a private placement ahead of a listing on Oslo’s junior stock exchange as a stepping stone to a full IPO on a major bourse.

The billionaire is working with RS Platou, DNB, Pareto, ABN Amro and ING on the capital raise, TradeWinds has learned.

Quantum