Investors Pick Up STNG Even Lower Than Its Secondary Stock Offering
May 26, 2017 at 10:01 AM EDT
Looking back to 2 days ago, Scorpio Tankers Inc (STNG) priced a 50,000,000 share secondary stock offering at $4.00 per share. Buyers in that offering made a considerable investment into the company, expecting that their investment would go up over the course of time..