Tag Archives: GBLK-US

GBLK-US (BUY, TP $26/NOK 212), IPO Launched: All Systems Go for GoodBulk (v2)

As we wrote in our initial IPO update in early June, we assumed 8m new shares at $15.8/sh, or a 5% discount to NAV. Today, GoodBulk launched the IPO for 8.5m shares at a range of $15.5-$17.5/sh, well in time...

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Posted in dry bulk, shipping | Tagged , , , , | 1 Comment

BULK-NS (BUY, TP NOK 212), IPO Announced: All Systems Go for GoodBulk

As we highlighted in our Get Ready for Launch update in March, the then expected Q2/Q3 New York listing was announced on Friday through an F-1. Assuming a 5% discount to our current NAV, we forecast 8m new shares to...

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Posted in _Public, dry bulk, shipping | Tagged , , , , | 4 Comments