Stelios Haji-Iannou, the founder of low fare airline EasyJet, could make $25.35m (€27.21m) from his stake in the initial public offering of Stelmar Shipping, his Greek tanker company.

Stelmar, an Athens-based tanker owner and operator, has filed a registration with the US Securities and Exchange Commission to float seven million shares, priced at between $12 and $14 each.