Crude Carriers IPO prices at bottom of range

NEW YORK, March 11 | Thu Mar 11, 2010 6:27pm EST

NEW YORK, March 11 (Reuters) - Shipping company Crude Carriers Corp CRU.N priced shares in its initial public offering on Thursday at the bottom of the expected range, according to an underwriter. The company sold 13.5 million shares for $19 each, raising about $256.5 million.

It had originally planned to sell shares for between $19 and $21 each. (Reporting by Clare Baldwin)

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