BW Energy prolongs IPO by a week

Offshore operator BW Energy is giving investors one more week to submit bids for equity shares up to the planned initial public offering. The company cites uncertain markets and declining oil prices as contributing factors behind the extension.

BW Energys topchef Carl Arnet. | Photo: PR / BW Energy

BY SØREN PICO, SHIPPINGWATCH

BW Energy, which is planning an initial public offering on the Oslo Stock Exchange, has opted to prolong the process by one week.

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