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Genco Shipping & Trading Limited (NYSE:GNK) announced this morning that its wholly-owned subsidiary, Baltic Trading Limited, has filed an amendment to its registration statement with the Securities and Exchange Commission, (SEC) for a proposed initial public offering of its common stock, for a value of $0.01 per share. The primary public offering price is anticipated to be between $14.00 and $16.00 per share. The Offering is currently expected to include 16,300,000 shares of common stock (18,745,000 shares of common stock if the underwriters exercise their over-allotment option in full). Baltic Trading's common stock has been approved for listing on the New York Stock Exchange under the symbol "BALT."
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