Nordic American Offshore opens at $14.00, IPO priced at $16.00 Nordic American Offshore (NAO) priced 5.882M shares at $16.00. Morgan Stanley, Credit Suisse, JPMorgan and DNB Markets acted as joint book running managers for the offering.
Nordic American Offshore announces share repurchase program of 2.5M shares Nordic American Offshore announced that its board has authorized a share repurchase program under which the company may repurchase up to 2.5M of NAO's outstanding common stock over the next two years. The authorization is effective immediately. There are 23,431,370 NAO shares in issue.