Singapore shipbroker Vantage (VNTG.US) sets a floor price of $4 per share, raising $13 million.

Vantage (VNTG.US) is a ship brokerage service provider headquartered in Singapore, specializing in the tanker sector. Recently, the company sold 3.25 million shares of common stock at a price of $4 per share, raising $13 million. The pricing was at the lower end of the previously announced price range of $4 to $5 per share, valuing the company at approximately $125 million. Vantage, formerly known as Vantage Shipbrokers, was established in 2012, initially focusing on clean petroleum products (CPP) and petrochemical product tanker intermediation services. As market demand evolved, the company gradually expanded its business to the dirty petroleum products (DPP), biofuel, and vegetable oil transportation sectors. As an industry intermediary, Vantage connects oil companies, traders, shipowners, and commercial managers, providing end-to-end services such as contract negotiation, cargo delivery coordination, operational consulting, and demurrage settlement. Currently, Vantage has operational centers in Singapore and Dubai, and plans to open new offices in Houston and Geneva in the future to strengthen its global service network. It is understood that Vantage is set to go public on the New York Stock Exchange under the ticker symbol VNTG. In this transaction, Network 1 Financial Securities serves as the exclusive bookrunner, playing a key role in the process.