Hygo Energy Transition to offer 23.1 million shares in IPO, priced at $18 to $21 each

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Hygo Energy Transition Ltd. set terms for its initial public offering on Thursday with plans to offer 23.1 million shares priced at $18 to $21 each. The liquid natural gas company has applied to list on Nasdaq under the ticker “HYGO.” There are 14 banks underwriting the deal, led by Morgan Stanley and Goldman Sachs. Proceeds of the deal willbe used to acquire 100% of equity interests in the Barcarena Terminal and for general corporate purposes. “We provide integrated downstream LNG solutions to underserved markets by delivering low cost, environmentally sound energy alternatives to consumers around the world,” says the company’s prospectus.
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