WASHINGTON (dpa-AFX) - Pearl Diver Credit Company Inc. (PDCC) on Thursday announced the launch of an initial public offering and launch of trading on the New York Stock Exchange under the ticker 'PDCC.' The shares are expected to begin trading on July 18.
With this offering, to be closed on July 19, PDCC aims to raise $44 million through the issuance of 2.2 million shares at $20 per share.
The company has granted the underwriters a 45-day option to purchase up to an additional 330,000 shares to cover over-allotments, if any.
Following the IPO, the company's net asset value would be $129.3 million.
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