Star Bulk Carriers sets €23-€25.50 range for Greek share offering

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Shares of Star Bulk Carriers dipped in Tuesday's premarket trading after the shipping company announced a price range of €23.00 to €25.50 ($26.75 to $29.66) per share for its upcoming equity offering of up to 4.4 million new common shares in Greece. The stock was down 1.1% in early trading, though it remains up 68% this year.

Impact on assets 1

Industrials▼ · 1 stocks
Star Bulk Carriers Corp
SBLK
▼ NegativeCapitalrelevance

Star Bulk announced an equity offering of up to 4.4M new shares at €23.00-€25.50, a dilutive financing event that pressured the stock.

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