On Friday the DryShips spin-off filed a revised prospectus with the US Securities & Exchange Commission, setting out an aim to raise $150m.
Previously, only a placeholder figure of $100m had been mentioned in filings
Another notable change is the addition of two more underwriters: Credit Suisse and Barclays.
Prior to today’s filing DNB Markets was the only investment bank listed on the cover page of the operator’s prospectus.
As we reported, this caught many Wall Street observers off guard when Tankships first emerged as an initial public offering (IPO) candidate last month.
At the time, critics argued the absence of bulge-bracket banks meant some were rattled when they read about dealings between the operator and Economou’s private interests.
Today, some of the same individuals still believe this is true but agree that the addition of two more underwriters and revised target are positive developments for Tankships.
