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HomeMaritime NewsRegionsAmericasPoseidon Containers postpones New York IPO

Poseidon Containers postpones New York IPO

Poseidon Containers postpones New York IPO
Poseidon Containers has postponed its initial public offering (IPO) on the New York Stock Exchange.

The $238m IPO by the containership owner had been expected to price this week. Poseidon had planned to use the proceeds from the offering to fund the acquisition of four containerships.

Morgan Stanley, Deutsche Bank, UBS Investment Bank, Citi, Jefferies and ABN AMRO were set to be the joint bookrunners on the deal.

TAGS: Europe Containers Finance & Insurance

 

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