Davis Polk advised Morgan Stanley & Co. LLC as representative of the underwriters in connection with the $140 million SEC-registered initial public offering of 10,000,000 shares of common stock of Ardmore Shipping Corporation The shares are listed on the New York Stock Exchange under the symbol “ASC.”

Headquartered in Cork, Ireland, Ardmore Shipping Corporation provides seaborne transportation of petroleum products and chemicals worldwide to oil majors, national oil companies, oil and chemical traders, and chemical companies, with its modern, fuel-efficient fleet of mid-size product and chemical tankers.

The Davis Polk corporate team included partner Richard D. Truesdell Jr. and associates Jonathan C. Pentzien, Andrew Rowe and Cherie H. Yang. The tax team included partner Michael Mollerus and former associate Yuliya Epifantseva. Counsel Loyti Cheng and associate Kevin J. Klesh provided environmental advice. Counsel Marcie A. Goldstein provided FINRA advice. Counsel Jeanine P. McGuinness provided advice relating to OFAC. Rosemarie Melendez was the legal assistant on the transaction. Members of the Davis Polk team are based in the New York and Washington DC offices.

Seward & Kissel LLP advised Ardmore Shipping Corporation.