Norwegian survey ship owner PGS has completed its massively over-subscribed follow-up stock offering.
It aimed to issue 13.5m new shares at NOK 22.50 ($2.64) each, as opposed to a trading price of NOK 29.19 on Friday.
Subscriptions totalled 43.6m shares, 3.2 times more than what was on offer.
Allocation will be resolved on Friday.
In November, the company sold a primary issue worth $225m as it sought to refinance notes.
