Capital Tankers Corp. successfully listed its shares on Oslo Euronext Growth.
This listing follows the completion of the largest capital raising by a shipping company in the history of the Oslo Stock Exchange—and one of the largest globally—with total proceeds amounting to 500 million dollars. Based on the final funds raised, the transaction ranks as the largest shipping IPO of the past 20 years, as well as one of the largest of the past five years in terms of market capitalization, underscoring the strong confidence of the international investment community in Capital Tankers’ strategic plan and prospects.
Following the completion of the process, Capital Tankers’ market capitalization stands at approximately 2 billion dollars. A 26% stake was allocated to investors, with a focus on long-term institutional investors, while Capital Maritime & Trading retains a 74% stake.
The proceeds from the public offering will be used primarily to finance the company’s newbuilding investment program, as well as for working capital, transaction costs, and general corporate purposes. The company is planning an listing to the Main Market of the Oslo Stock Exchange and is also considering, depending on market conditions, a potential dual listing on a U.S. exchange.
At the opening of the first session, the share price was set at NOK 134 per share, giving the company a market capitalization of NOK 17.56 billion.
Gerasimos Kalogiratos, CEO of Capital Tankers Corp., stated: “We are pleased to welcome our new shareholders as Capital Tankers begins its journey as a publicly listed company. The strong investor response to our 500 million dollar offering—one of the largest equity raises in shipping in recent years—demonstrates the quality of our fleet and the attractive fundamentals of the crude oil tanker market.
The listing process on Euronext Growth Oslo was both efficient and well-structured, fully meeting our objectives and enabling us to quickly access a sophisticated investor base with confidence. We look forward to delivering on our commitments and creating meaningful value for our shareholders.”
Capital Tankers
Capital Tankers is a next-generation shipping company operating one of the youngest and most technologically advanced fleets, primarily active in the spot and short-term charter markets.
Capital Tankers Corp., a spin-off from Capital Maritime & Trading Corp., represents a pure-play investment in the crude tanker segment.
By combining a modern, high-specification fleet with embedded growth potential through a contracted newbuilding program, alongside operational scale and excellence, Capital Tankers is well positioned to capitalize on the dynamics of the global crude tanker market and to meet evolving environmental and regulatory requirements.
The company operates a fleet of 30 tankers, of which 9 are currently in service and 21 are under construction, with scheduled deliveries between 2026 and 2028. The company also holds options for an additional 13 vessels, 11 of which are VLCCs.
Distinguished by its environmentally friendly and technologically advanced fleet, Capital Tankers’ vessels are equipped with state-of-the-art solutions, including 18 ships fitted with LNG dual-fuel engines.
Capital Tankers maintains strategic flexibility and exposure to the spot market, targeting top-tier industry returns through disciplined cash flow generation and a consistent commitment to innovation, environmental responsibility, and transparent value distribution to shareholders.
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