Dynagas LNG Partners unchanged in trading debutNovember 13, 2013 @ 3:53 pm
(AP) - Shares of Dynagas LNG Partners LP, whose ships transport natural gas, ended unchanged in its stock market debut Wednesday.
Dynagas, which is based in Greece, and its backers raised $225 million in an initial public offering. In the IPO, 12.5 million shares priced at $18 each.
They trade on the Nasdaq stock exchange under the ticker symbol "DLNG."
Dynagas said it will use the money it raised to pay debt and potentially to buy more ships.
Dynagas closed at $18 Wednesday. Shares ranged from $16.75 to $18.10 throughout the day.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
Despite legalization, 'business is good' for Seattle's illegal pot dealers
Chiara D'Angelo spent her day mourning the loss of over 800 trees on Bainbridge Island
Some of the most beautiful animals in the world are disappearing from Washington
Please login below with your Facebook, Twitter, Google+ or Disqus account. Existing MyNorthwest account holders will need to create a new Disqus account or use one of the social logins provided below. Thank you.