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Initial public offers' importance in financing shipping companies. Case study on Scorpio Tankers Inc

Author

Listed:
  • Cristea Viorela-Georgiana

    (Constanta Maritime University Romania)

  • Surugiu Felicia

    (Constanta Maritime University Romania)

  • Surugiu Ioana

    (Constanta Maritime University Romania)

Abstract

In the shipping industry there is a dynamic business environment which determines shipping companies to get some other financial resources in order to maintain and develop on this market. Through this paper we want to establish the important role of the initial public offers on the stock market, from the different geographically regions; the probability that these offers might determine the success or failure of a company and the way of this financing process could be made by a company which needs resources for development and surviving on such unstable market, as the maritime market is. In order to show how the initial public offers work on the stock market we took an example of a maritime company, Scorpio Tankers Inc., whose shares are listed on New York Stock Exchange, from 2010

Suggested Citation

  • Cristea Viorela-Georgiana & Surugiu Felicia & Surugiu Ioana, 2013. "Initial public offers' importance in financing shipping companies. Case study on Scorpio Tankers Inc," Constanta Maritime University Annals, Constanta Maritime University, vol. 20(2), pages 221-224.
    • Handle: RePEc:cmc:annals:v:20:y:2013:i:2:p:221-224
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    File URL: http://cmu-edu.eu/RePEc/cmc/annals/221-v20.pdf
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    References listed on IDEAS

    as
    1. Jason Draho, 2004. "The IPO Decision," Books, Edward Elgar Publishing, number 3268.
    2. Andreas Merikas & Dimitrios Gounopoulos & Christos Nounis, 2009. "Global shipping IPOs performance," Maritime Policy & Management, Taylor & Francis Journals, vol. 36(6), pages 481-505, December.
    3. Syriopoulos, Theodore C., 2007. "Chapter 6 Financing Greek Shipping: Modern Instruments, Methods and Markets," Research in Transportation Economics, Elsevier, vol. 21(1), pages 171-219, January.
    4. François Derrien & Ambrus Kecskés, 2007. "The Initial Public Offerings of Listed Firms," Journal of Finance, American Finance Association, vol. 62(1), pages 447-479, February.
    5. François Derrien & Ambrus Kecskes, 2007. "The Initial Public Offerings of Listed Firms," Post-Print hal-00480837, HAL.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    JEL classification:

    • R0 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General
    • R4 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics

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