BW LPG has received final approval for listing on the New York Stock Exchange.
Its shares are expected to be admitted to trading on or about 29 April under the ticker BWLP.
With 40 ships, BW Group-backed BW LPG will become the largest VLGC owner on US stock markets.
Its market cap of NOK 20.7bn ($1.9bn) is bigger than that of Connecticut’s Dorian LPG, which has a market value of $1.7bn.
“BW LPG’s upcoming dual listing on the NYSE is a significant milestone for our company and enhancing our access to the world’s largest capital market and its investor base,” chief executive Kristian Sorensen said.
“In combination with our proven commercial track record and focus on financial returns, we are confident our NYSE listing will increase shareholder values and strengthen BW LPG’s market-leading position in VLGC shipping as well as adjacent areas of the LPG value chain.
“The US LPG industry is playing a major role in the global LPG market, and BW LPG is already deeply involved in the US LPG exports through an extensive cargo lifting programme on our ships as well as our cargo trading activities.
“We look forward to expanding our engagement with investors and market participants who are familiar with and close to the US energy sectors.”
The company will keep its primary listing on the Oslo Stock Exchange under the ticker BWLPG.
It will not issue any new securities in connection with the NYSE listing.
Andreas Sohmen-Pao’s BW Group will have three companies trading in New York after the listing of BW LPG.
Earlier in April, Danish product tanker owner Hafnia began trading in the US. Offshore wind vessel firm Cadeler is also listed in New York.
