Monaco: GasLog Sets IPO Price at USD 14 per Share

Monaco-based GasLog, an international owner, operator and manager of LNG carriers, said in a statement that its public offering of 23,500,000 common shares was priced at $14.00 per share.

The underwriters were granted a 30-day option to purchase up to 3,525,000 additional common shares from GasLog at the initial public offering price, less the underwriting discount, the company added.

GasLog’s owned fleet consists of 10 wholly-owned LNG carriers, including two ships delivered in 2010 and eight LNG carriers on order. Including its owned ships, GasLog currently has 14 LNG carriers operating under its technical management.

[mappress]

LNG World News Staff, March 30, 2012