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Crude Carriers prices IPO at $19, at low end of the $19-$21 range

March 11, 2010
CRU

Crude Carriers, a newly formed shipping business incorporated in the Marshall Islands to focus on the crude tanker industry, raised $257 million by offering 13.5 million shares at $19, at the low end of the original range of $19-$21. Crude Carriers will list on the NYSE tomorrow under the symbol CRU. UBS Investment Bank and BofA Merrill Lynch acted as the lead underwriters on the deal.