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Scorpio Bulkers prices upsized IPO at $9.75, its Norwegian OTC price

December 12, 2013

Scorpio Bulkers, a recently formed drybulk shipping company with planned initial fleet of 52 vessels, raised $305 million by offering 31.3 million shares at $9.75, its Norwegian OTC price. Scorpio Bulkers plans to list on the NYSE under the symbol SALT. The company initially filed confidentially on October 1, 2013. Deutsche Bank, Credit Suisse and RS Platou Markets acted as joint bookrunners on the deal.