Shipbuilder STX OSV plans $400 mln Singapore IPO

STX Offshore and Specialised Vessels , which is part of South Korea's STX group, plans to raise $400 million from an initial public offering in Singapore, IFR reported on Wednesday STX OSV will lodge a prospectus on Monday and begin a two-week road show starting Tuesday.
Goldman Sachs is the sole bookrunner for the IPO.
STX OSV is a division of Norway-based shipbuilder STX Europe, which is in turn part of STX Offshore & Shipbuilding.
The STX group has another unit called STX Pan Ocean, whose shares are listed in Korea and Singapore.
Last week, Norway's BW Offshore, a part of the maritime BW Group, said it was aiming for a dual listing in Singapore in the first half of 2011. DnB NOR is the primary banker for the listing.