initial public offerings (IPOs) trading on American exchanges

Sunday, November 24, 2013

Navigator Holdings Ltd. (NVGS) began trading on the NASDAQ on 21 November 2013

Liquefied natural gas (LNG) shipper, Navigator Holdings Ltd. (NASDAQ: NVGS) began trading on Thursday. The company sold 12 million shares at an IPO price of $19, the high end of its expected range of $17 to $19. The company also increase the number of shares on offer from 11.3 million. The shipping company raised about $156 million of which about $73 million will be used to pay for new ships and the rest is tabbed for general corporate purposes. Shares closed at $19.97 on Thursday and $20.06 on Friday.

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