Torm set for New York IPO

Copenhagen based shipowner and operator Torm remains ready to launch a New York initial public offering (IPO) when the freight and capital markets align. Danish shipowner and operator Torm ready for a US listing to add to its position on the Nasdaq Copenhagen for more than a year. Marc Saverys-backed acquisition vehicle Hunter Maritime Acquisition priced its IPO in New York and shortly after Arne Blystad’s Songa Bulk completed the first Oslo over-the-counter (OTC) offering in two years. Copenhagen based shipowner and operator Torm heading to the US capital markets when the freight market is more conducive.