Dorian LPG Launches Major Share Offering and Pricing Initiative

Dorian LPG (LPG) has shared an announcement.

Dorian LPG Ltd. has successfully entered into an underwriting agreement with Jefferies LLC for the sale of 2 million shares at $42.275 each, aiming to raise about $84.5 million in net proceeds. The offering includes an option for underwriters to purchase up to an additional 300,000 shares at the same price. The funds raised are slated for general corporate purposes, with shares delivered on June 7, 2024, following the company’s compliance with the Securities Act of 1933. Concurrently, the company issued press releases regarding the offering’s launch and pricing.

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