Hygo Energy Transition Ltd, an integrated downstream liquefied natural gas solutions provider, has filed Amendment No 2 to Form F-1 Registration Statement on September 17, 2020 with U.S Securities and Exchange Commission to announce terms for its IPO.
The company plans to raise $450 million by offering 23.1 million shares at the price range of $18 to $21. Assuming a successful IPO at the midpoint of the proposed range, the company expects a market capitalization of $2.4 billion.
The company serves the market by delivering low cost, environmentally sound energy alternatives to consumers around the world.
The Hamilton, Bermuda-based company was founded in 2016 and booked $44 million in revenue for the 12 MONTHS ended June 30, 2020. It plans to list on the Nasdaq Global Select Market under the symbol “HYGO.” Morgan Stanley, Goldman Sachs, Barclays, BTIG, Citi and UBS Investment Bank are underwriters of the IPO.
The company engages Vinson & Elkins L.L.P. as US Securities Counsel, and Ernst & Young LLP as Independent Auditor.
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