Michigan, US-based Talmer Bancorp Inc, a company backed by billionaire Wilbur Ross, filed for an initial public offering (IPO) of common stock worth $230 million with the US Securities and Exchange Commission.
Liquified petroleum gas transporter and distributor Navigator Holdings Ltd. raised USD228 million in its public float. Owner of the world's largest gas fleet, Navigator sold a total of 12 million shares priced at USD19 apiece.
Ross' investments in shipping is based on faith that emerging markets would boost trade in the long haul.
International Automotive Components announced its IPO filing valued at US$115 Million with BofA Merrill Lynch, JP Morgan and Deutsche Bank Securities as its underwriters.