Star Bulk public offering oversubscribed nearly six times

Star Bulk Carriers has seen significant interest in its public offering in Greece, with demand reportedly reaching approximately €660 million to €670 million. This level of interest represents an over-subscription of nearly six times the available shares.

The offering involves up to 4.3 million new shares, with a price range set between €23 and €25.50 per share. Institutional investors accounted for roughly €400 million of the demand, while retail investors contributed approximately €260 million. Around 7,000 individual investors participated, representing about one in ten active retail investors in Greece.

Due to the high over-subscription, the allocation for retail investors is expected to be limited. Estimates suggest that individual investors may receive approximately 16 shares for every 100 shares requested. The final offering price is expected to be announced following the conclusion of the subscription period.