BW Energy gets shrunken IPO done in teeth of oil fears

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BW Energy gets shrunken IPO done in teeth of oil fears

Jon Hay
February 18, 2020 12:45 pm
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A floating oil rig in a harbour in arctic Norway | Terje Lein-Mathisen/Terje - stock.adobe.com

BW Energy, the oil exploration and production company, has priced its Oslo IPO after lowering its valuation target and shrinking the deal, having encountered resistance from investors as the coronavirus outbreak in China knocked 20% off the oil price.

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