Norway’s Avance Gas has no immediate plans to follow rival BW LPG in seeking a US listing, its chief executive said.
Oystein Kalleklev told a conference call with analysts that a dual listing in addition to Oslo would be complicated by a small free float of shares due to the large holding of backer John Fredriksen.
The CEO was asked when the VLGC company had plans to make the share more accessible to US-based investors by listing there.
