Scorpio Tankers prices below range - underwriter
NEW YORK, March 30 |
NEW YORK, March 30 (Reuters) - Crude oil and petroleum transporter Scorpio Tankers Inc (STNG.N) priced shares in its initial public offering below the expected range on Tuesday, according to an underwriter.
The company sold 12.5 million shares for $13 each, raising about $162.5 million. It had planned to sell 12.5 million shares for $14 to $16 each. (Reporting by Clare Baldwin and Elinor Comlay; Editing by Gary Hill)
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