Euronav announces US IPO delay

Unfavourable capital market conditions have resulted in Euronav NV postponing its initial public offering in the United States
Euronav announces US IPO delay

Euronav NV has announced that it will be delaying its US initial public offering.

Citing “unfavourable current capital market conditions” the company will post its IPO and the related offer to exchange the company’s outstanding unregistered ordinary shares in Belgium for those registered under the Securities Act of 1933.

According to a statement by Euronav, “the company will continue to evaluate the most appropriate timing for the offerings as market conditions develop.”

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by Laura Stackhouse

readmt.com Editor

Laura Stackhouse is the Web Editor of readmt.com, an official publication of the International Marine Purchasing Association (IMPA). To discuss news, features or contributing to readmt.com please get in touch.

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