Dorian LPG’s New York initial public offering (IPO) got off to a bit of a puzzling start this week with the disclosure that BH Logistics is the “strategic investor” that privately ploughed in $25.9m and grabbed a seat on the owner’s board.
BH who?
That essentially was the reaction of sources in both financial and gas-shipping circles to a section in Dorian’s IPO prospectus that identified BH Logistics as the buyer.
When
