Hygo Energy Transition Ltd.
General Information | |
Business: | We provide integrated downstream LNG solutions to underserved markets by delivering low cost, environmentally sound energy alternatives to consumers around the world. Our business includes (i) our network of existing and development stage marine LNG import terminals, (ii) our ownership of interests in existing and development stage large-scale power plants backed by high quality offtakers, and (iii) the downstream distribution of LNG from our terminals via marine and onshore logistics to major demand centers in Brazil. In addition, we have historically derived the majority of our revenues from our LNG carriers, which we expect to convert into FSRUs (floating storage and regasification units) to service our terminals. We believe our model of “hub and spoke” LNG infrastructure, anchored by our terminals in Brazil, is a model that is highly replicable to create a global platform. Accordingly, we are also pursuing multiple gas-to-power and distribution opportunities elsewhere around the world, including Latin America, Southeast Asia, the Indian Subcontinent, West Africa and Europe. We seek to unlock underserved markets by introducing LNG and natural gas as cheaper, cleaner and transformative alternatives to traditional fossil fuels, as well as an attractive, reliable complement to growing renewable energy sources. (Note: Hygo Energy Transition Ltd. withdrew its IPO on July 14, 2021, in a registration withdrawal filing with the SEC. Hygo had initially filed its IPO documents in late August 2020.) |
Industry: | Natural Gas Distribution |
Employees: | 63 |
Founded: | 2016 |
Contact Information | |
Address | 2nd Floor, S.E. Pearman Building, 9 Par-la-Ville Road Hamilton HM 11, Bermuda |
Phone Number | +1 (441) 295-4705 |
Web Address | |
View Prospectus: | Hygo Energy Transition Ltd. |
Financial Information | |
Market Cap | $673.14mil |
Revenues | $43.96 mil (last 12 months) |
Net Income | $-68.62 mil (last 12 months) |
IPO Profile | |
Symbol | HYGO |
Exchange | NASDAQ |
Shares (millions): | 23.1 |
Price range | $18.00 - $21.00 |
Est. $ Volume | $450.5 mil |
Manager / Joint Managers | Morgan Stanley/ Goldman Sachs |
CO-Managers | Citigroup/Barclays/ BofA Securities/ BTG Pactual/ BTIG/ Credit Suisse/ Itau BBA/ UBS Investment Bank/ XP Investimentos/ Arctic Securities/ DNB Markets/ Fearnley Securities |
Expected To Trade: | 9/25/2020 |
Status: | Withdrawn |
Quiet Period Expiration Date: | Available only to Subscribers |
Lock-Up Period Expiration Date: | Available only to Subscribers |
SCOOP Rating | Available only to Subscribers |
Rating Change | Available only to Subscribers |