On Friday evening, American Petroleum Tankers (APT) of the US joined Scorpio Bulkers on the list of shipowners that are looking to pursue an IPO in New York.
The development marks a surprising turn of events since the Plymouth, Pennsylvania-based operator of Jones Act products tankers tossed the campaign on ice just one week ago.
The first draft of the company’s IPO prospectus was filed with securities regulators over the summer and a series of revised editions followed not long after.
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