Gone in 15 minutes: Hoegh Autoliners' expanded IPO oversubscribed

Norway's Hoegh Autoliners has followed compatriot Edda Wind in selling out an initial public offering (IPO) in minutes.

The car carrier owner said bookbuilding for its potential $171m share sale and listing in Oslo began at 8:00 GMT on Monday.

At 8:15, it said the IPO managers had received orders meaning the offering was already oversubscribed.

Hoegh Autoliners was intending to sell 50m new shares at NOK 21 ($2.35)