Volare hits $1.2bn valuation after $500m raise

Trafigura-backed Volare Shipping has completed a $500m equity raise ahead of its planned Oslo listing, putting a post-money value of around NOK11.5bn ($1.2bn) on the newly created VLCC owner. The Singapore-incorporated company allocated 30.7m new shares at NOK154 apiece in a private placement that was significantly oversubscribed, drawing in shipping industry investors, family offices and … Read full article →