GasLog (GLOG) IPO Trades Lower

March 30, 2012 9:47 AM UTC
The IPO for GasLog Ltd. (NYSE: GLOG) is open for trading. Shares are trading at $12.60 after pricing 23,500,000 common shares at $14.

Goldman, Sachs & Co., Citigroup Global Markets Inc., J.P. Morgan Securities LLC and UBS Securities LLC are acting as bookrunners for the offering.

GasLog is an international owner, operator and manager of LNG carriers. GasLog’s owned fleet consists of 10 wholly-owned LNG carriers, including two ships delivered in 2010 and eight LNG carriers on order. Including its owned ships, GasLog currently has 14 LNG carriers operating under its technical management.


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