Ardmore Shipping intends to price public offering of 6 million shares

Morgan Stanley helps fund vessel acquisitions and corporate purposes

By Devika Patel

Knoxville, Tenn., Feb. 28 - Ardmore Shipping Corp. will sell 6 million common shares in its public offering with a 30-day greenshoe of 900,000 additional shares, according to a Form F-1/A filed Friday with the Securities and Exchange Commission. The deal was announced Feb. 13.

Morgan Stanley, Wells Fargo Securities and Clarkson Capital Markets are the joint bookrunning managers. Evercore, Pareto Securities AS and ABN Amro are the co-managers.

Proceeds will be used to acquire vessels and for general corporate purposes.

Ardmore is a Hamilton, Bermuda-based transporter of petroleum products and chemicals.

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