Baltic Trading Raised $228 Million In IPO (BALT)
Wednesday, March 10, 2010 - 08:23
Written on Wed, 03/10/2010 - 8:23am
By Chip Brian

3/10/2010- Baltic Trading (NASDAQ:BALT) raised $228 million in its IPO after selling shares at the low end of its price range, according to a Bloomberg report.
The company sold 16.3 million shares for $14 each yesterday, according to an SEC filing and Bloomberg data.
Baltic Trading will use the proceeds to buy six ships that will transport iron ore, coal, grain and steel products.

Keywords: baltic trading finance stock market Business News smartrend

Ticker(s): BALT

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