Golar LNG JV to Hold IPO

Hygo Energy Transition, a joint venture between Bermuda-registered LNG vessel owner Golar LNG and US investment firm Stonepeak Infrastructure Partners, will have an initial public offering (IPO) of its common shares, Golar LNG announced on August 31.

Golar LNG said it had filed a request with the US Securities and Exchange Commission to take the company, formerly known as Golar Power, public. Morgan Stanley and Goldman Sachs will serve as lead bookrunning managers for the IPO, while Barclays Capital, BTIG, Citigroup and UBS Securities will act as bookrunners.

Golar LNG did not say when the offering would take place, but said that investors would be able to obtain a prospectus from Morgan Stanley once it is ready.

Hygo was formed to develop, own and operate integrated LNG-based transportation, downstream solutions and associated terminal and power generation infrastructure.