Owner and operator of dry bulkers GoodBulk Ltd has filed a registration statement for a proposed initial public offering (IPO) of its common shares.
The company’s IPO filing with the United States Securities and Exchange Commission (SEC) on June 1 is expected to raise up to USD 100 million, IPO investment manager Renaissance Capital informed.
The Monaco-based owner was formed in October 2016 for the purpose of owning high quality second hand dry bulk vessels between 50,000–210,000 dwt.
Upon delivery of earlier announced vessel acquisitions, GoodBulk will control a fleet of 25 dry bulk vessels, including 22 Capesize vessels, 1 Panamax vessel, and 2 Supramax vessels.
All vessels are externally managed by a third-party manager of dry bulk vessels, C Transport Maritime S.A.M.