Exmar delays IPO launch
Exmar has announced that, due to unfavourable capital market conditions, it will delay the launch of an initial public offering (IPO) of common units in the US of Exmar Energy Partners.
The statement added that the company would continue to evaluate the most appropriate timing for the IPO as market conditions develop.
Upon completion of the offering, Exmar Energy Partners is expected to own a 50% equity interest in joint ventures that own and operate four LNG regasification vessels and one LNG carrier.
Edited from various sources by Katie Woodward
Read the article online at: https://www.lngindustry.com/lng-shipping/21112014/exmar-stalls-ipo-offering-1833/
You might also like
Securing LNG’s leading role on the global energy stage
In our recent April issue of LNG Industry, Michael Pospisil P.E., Senior Engineer, and Rich Insull, P.E., Project Manager, Matrix PDM Engineering, detail the significance of life cycle analysis to helping secure LNG’s role in the future energy mix.
