The Texan who leads soon-to-be-public Diamond S Shipping says he does not expect an investor stampede out of the company once its shares become tradable through completion of a merger with Capital Product Partners.
For one thing, investors will be bound by a six-month “lockup” period that prevents them from selling shares, said chief executive Craig Stevenson.
Even after that expires, though, the Diamond S private-equity backers are likely to hang around to profit from rising markets in both the crude- and products-tanker sectors, Stevenson maintained in a conference call with equity analysts this morning.
