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IPO · HSHIP

Himalaya Shipping Ltd.

Himalaya Shipping Ltd. (HSHIP) priced its initial public offering on Apr 3, 2023 at $5.80 per share, raising $44.8M, and listed on NYSE. At the IPO price its market capitalization was about $231.3M. Clarksons was lead-left underwriter, joined by Arctic, BTIG and Fearnley and others.

Himalaya Shipping Ltd. is an independent bulk carrier company founded in March 2021 to operate dry bulk vessels of about 210,000 dwt. It has contracts to acquire 12 Newcastlemax vessels, two of which were delivered in March 2023 and ten of which are under construction.

Status
IPO
Ticker
HSHIP
Exchange
NYSE
Priced
Apr 3, 2023
IPO price
$5.80
Raised
$44.8M
Market cap at IPO price
$231.3M
First filed
Mar 7, 2023
Underwriters
Clarksons, Arctic, BTIG, Fearnley and Cleaves
Sector
Transportation
Country / state
Bermuda

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.

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Filings

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