Introduction
Himalaya Shipping (HSHP), a global shipping and logistics company, has filed for an initial public offering (IPO) of 7,720,000 shares on the Euronext Expand in Norway. The IPO price will be determined based on the bookbuilding process and is expected to be at or close to the closing price of common shares on the Euronext Growth Oslo on the most recent trading date prior to the pricing date of the offering.
Details of the IPO
The shares of HSHP have been trading on the Euronext Growth Oslo since the company’s inception, and since April 29, 2022, the shares have also been trading on the Euronext Expand. The company has announced that it plans to use the proceeds from the IPO to fund its growth strategy, including expanding its fleet and investing in new technology and infrastructure.
The bookbuilding process for the IPO is expected to begin shortly, and the offering is expected to be completed in the coming weeks. The exact IPO price will not be known until the pricing date of the offering, but it is expected to be at or close to the closing price of the company’s common shares on the Euronext Growth Oslo on the most recent trading date prior to the pricing date.
About Himalaya Shipping
HSHP is a global shipping and logistics company that provides a wide range of services to its customers, including dry bulk shipping, oil and gas transportation, and container shipping. The company has a diverse fleet of vessels that can transport a variety of cargoes, and it operates in many different regions of the world.
HSHP has a strong reputation in the shipping industry and is known for its high-quality service, reliability, and safety record. The company has a highly experienced management team that has worked in the shipping industry for many years, and it is committed to providing its customers with the best possible service.
Conclusion
The IPO of HSHP on the Euronext Expand in Norway is an exciting development for the company and its investors. The IPO will provide the company with additional capital to fund its growth strategy and expand its fleet and infrastructure. The exact IPO price will not be known until the pricing date of the offering, but it is expected to be at or close to the closing price of the company’s common shares on the Euronext Growth Oslo on the most recent trading date prior to the pricing date
