Seaspan gains $13.4 million from overallotment
Containership charterer Seaspan Corp. said underwriters of its recent common share offering exercised a portion of the overallotment option granted to them by Seaspan.
As a result of the overallotment exercise, the Hong Kong-based company sold 475,000 of its shares and received $13.4 million in net proceeds, after deducting the underwriting discount but before expenses.
Last month the company sold 5 million shares to raise $141 million.
Seaspan gains $13.4 million from overallotment
