Greek shipping firm Safe Bulkers files for U.S. IPO
WASHINGTON, May 16 (Reuters) - Safe Bulkers Inc, a Greek shipping company, said on Friday it is planning an initial public offering of 10 million shares for between $20 and $22 per share.
The company ships bulk cargoes, particularly grain, iron ore and coal, on worldwide routes.
In a preliminary offering document filed with the U.S. Securities and Exchange Commission, the company said it hired Merrill Lynch & Co, Credit Suisse, Jefferies & Company, Dahlman Rose & Co, Poten Capital Services LLC and DnB NOR Markets as underwriters.
They have the option to buy 1.5 million more shares in the event of heavy investor demand.
It is seeking a New York Stock Exchange listing under the symbol "SB". (Reporting by John Poirier; Editing by Tim Dobbyn)
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