Greek owner Okeanis Eco Tankers (OET) has set its sights on a dual listing that would see it float in New York along with Oslo.
The Alafouzos family vehicle, listed in Oslo in 2018, boasts a fleet of six suezmaxes and eight VLCCs.
The NYSE listing is expected Okeanis Eco Tankers to change its listing status in Oslo to secondary.
“This marks a very important milestone in OET’s journey,” said chief executive Aristidis Alafouzos, adding that the company believes that a listing on the NYSE will expand its investor reach and facilitate long-term vision of becoming the listed crude oil tanker platform of choice for investors globally.
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“We wish to provide US investors the access to our fleet, commercial performance, and track record of returning value to our shareholders, as well as unlock enhanced trading liquidity for existing investors. Our objective is to cultivate the same level of trust and reliability with the US market as we have successfully established within our listing in Oslo. The dual listing further enhances our access to the capital markets, solidifies our position within the industry, and offers potential opportunities for accretive transactions in the future,” Alafouzos added.
Trading in New York is expected to kick off in December this year. No new OET securities will be issued in connection with the listing on the NYSE.