Golar LNG Limited Successfully Prices Public Follow-On Offering of its Common Stock
Posted on Jun 27, 2014 in Markets and Competition, Vessel Transportation | Comments Off on Golar LNG Limited Successfully Prices Public Follow-On Offering of its Common Stock
On Wednesday, Golar LNG announced the pricing of its offering of 11 million shares of common stock at $54 per share. The stock opened trading today at the price of 59.27, a 9.8% increase from the offering price. Golar LNG granted its underwriters a 30-day option to purchase up to an additional 1,650,000 common shares. Proceeds from the public offering will go towards funding a project converting a LNG carrier into a floating liquefaction natural gas vessel, which is currently under a conditional agreement with Keppel Shipyard Limited.