Athens, February 27, 2026 – Capital Maritime and Trading Corp. today announced the completion of the initial public offering (IPO) of shares of Capital Tankers Corp. The offering was oversubscribed, reflecting strong investor demand.
Based on total gross proceeds, the IPO is among the larger capital raisings by a shipping company globally and the largest by a shipping company in the Norwegian capital markets.
Given interest from both Norwegian and international investors, the Board of Directors of Capital Tankers Corp. increased the size of the base offering from approximately USD 300 million to USD 435 million, and increased the number of additional shares that may be over-allotted from approximately USD 45 million to USD 65 million, resulting in total gross proceeds of USD 500 million.
Upon completion of the transaction, 26% of the Company’s share capital was allocated to investors, with allocations focused on long-term institutional investors. The remaining 74% is held by the parent company, Capital Maritime & Trading. The Company’s implied equity valuation is USD 1.9 billion.
The completion of the IPO will be followed by the listing of the Company’s shares in the Norwegian capital markets. Trading of the shares of Capital Tankers Corp. on Euronext Growth Oslo is expected to commence on March 17, 2026 (ticker: “CAPT”). The Company intends to transition to the main market of the Oslo Stock Exchange in due course and may consider a potential secondary listing in the U.S., depending on market conditions.
The proceeds of the public offering will be used for (i) financing the investment program, (ii) working capital, (iii) covering transaction costs, and (iv) general corporate purposes.
Capital Tankers Corp. was established through a spin-off from its parent company, Capital Maritime & Trading. It is focused on the crude tanker sector and operates a fleet of 30 tankers (VLCCs, Suezmax, Aframax/LR2), of which 8 are in operation, with an investment program underway for the construction of 22 newbuildings. The Company also holds options for up to 13 additional newbuildings until a specified date.
A significant portion of the fleet is LNG dual-fuel capable or LNG-ready, supporting improved energy efficiency and fuel flexibility under evolving regulatory requirements, including EU ETS, FuelEU Maritime, and IMO initiatives.
