Golar’s JV Hygo Energy launches IPO

Golar LNG’s joint venture with Stonepeak Infrastructure Partners, Hygo Energy Transition, has launched an initial public offering.

The offering is for 23.1 million shares at a price between $18.00 and $21.00 per common share, Golar LNG said on Thursday.

This follows a registration statement previously filed with the US SEC by Hygo Energy, formerly known as Golar Power.

In addition, Hygo intends to grant the underwriters a 30-day option to purchase up to an additional 3.46 million shares.

Hygo has applied to list the common shares on the Nasdaq Global Select Marketplace under the ticker symbol “HYGO.”

Following the consummation of the initial public offering, Golar will own 50 million shares in Hygo, it said.

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