: LNG shipping company CoolCo registers direct stock listing for NYSE debut on March 15

Cool Company Ltd. on Tuesday registered securities with U.S. regulators to become a publicly-traded LNG shipping company on the New York Stock Exchange under the symbol CLCO starting on March 15. Bermuda-based Cool Company will also list its shares on the Euronext Growth Oslo exchange. “CoolCo will be one of the largest of a limited number of U.S. publicly traded companies that are connecting global markets with LNG, which is crucial to energy security and has an important role in the global transition to a lower-carbon future,” CEO Richard Tyrrell said in a statement.  Cool Company said its combined time and voyage charter revenue increased by $22.5 million to $141.8 million for the nine month period ended Sept. 30, compared to $119.3 million in the year-ago period, mostly due to higher charterhire rates due to strong demand. The direct listing of company stock is a way to go public outside of the traditional IPO process with investment banks. Examples include Spotify SPOT and Palantir Technologies PLTR.

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