NYSE-listed Scorpio Bulkers on Tuesday announced it will make a public offering of 20 million shares of its common stock.
The company will also grant underwriters a 30-day option to purchase up to an additional 3 million common shares.
Monaco-headquartered Scorpio, which also has principal offices in New York, says proceeds of the offering will be used for general corporate purposes.
US-based Scorpio Services Holding, a significant minority shareholder in Scorpio Bulkers, has expressed an interest to buy $15m-worth of its common shares.
