UK-based Tufton Oceanic has launched a $150m IPO on the London Stock Exchange in a play on second-hand vessels across market segments.
Tufton is moving at a time when others have geared up fundraisers in the long-distressed dry-bulk market, but it does not specify that segment as a particular focus.
Shares would trade on the Specialist Fund Segment of the LSE, according to a regulatory filing made today.
Attractive
