Dorian LPG falls after pricing stock offering

Dorian LPG

06/06/2024 13:08

** Shares of gas shipping company Dorian LPG  LPG.N  slide
~7% to $46.83 premarket
    ** Co prices previously announced sale of 2 mln shares of
common stock at $44.50 per share
    ** Offering price represents 11.5% discount to stock's last
close
    ** LPG intends to use net proceeds from offering for general
corporate purposes
    ** Jefferies to act as lead bookrunner
    ** Co has ~40.60 mln shares outstanding and roughly $2.04
bln market cap - LSEG data
    ** As of last close, stock up 14.7% YTD

 (Reporting by Vallari Srivastava in Bengaluru)
 ((Srivastava.Vallari@thomsonreuters.com;))