| Company, Year established, type | Market focus | Year of IPO, price per share | Amount raised/ Stock Exchange | Performance | Remarks |
| “Smedvic”, 1993, family company | Medium tankers | 1993 July, $10 | $129 m/Oslo | Negative 1993-1995 | Taken-over by Bona, at $8/stock |
| “1st Olsen”, 1993, asset fund | Suezmax | 1993 Oct., $10 | $200 m/Oslo | Low | 1997 Jan. = $8.77 |
| “Bona Sh. Ltd.”, 1990, tanker ownership of “Leif Hoegh & Co. AS” | Medium tankers & OBO | 1993 Dec., $9 | $106 m/Oslo | Improving | 1997 = $13.07 |
| “Western Bulk”, 1991, pool company | Handy BC Handymax | 1993 Oct., $7.14 | $42 m/Oslo | Poor | Fall ~30% |
| “London & Overseas”, 1948 | Medium tankers | $15, Nov., 1993 | $75 m/NY, Lon. | Steady | Fall 5%; $14.25 |
| “Pacific Basin”, 1987 + CMB | Handy bulk c. | Sept. 1994, $14 | $73 m/NY | As expected | $16.22, taken over in 1996 |
| “Teekay Corp.”, 1973, est. by Torben Karlshoej | Aframax | 1995 July, $21.5 | $138 m/NY | Satisfactory | $27.275 in 1997 |
| “Nordic Am. Tank. Sh. Ltd.”, 1995, special purpose | Suezmax tankers | 1995 Sep., $5/warrant; 1977 at $10.21 | $58.7 m | Poor | Warrant at $3.75 |
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| Total 8 companiesà | $~822 m |
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