Norway’s DNB Markets has scored its first lead-underwriting role on a New York shipping initial public offering (IPO) with its place on George Economou’s Tankships Investment Holdings flotation.
DNB is, in fact, the only bank listed on the cover sheet of the tanker deal.
While the prospectus is preliminary and expected to fill out with supporting banks, it is slightly unusual to see no other lead banks on the project even at the early stage.
