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Pyxis ringing the bell for product tankers at Nasdaq

Pyxis ringing the bell for product tankers at Nasdaq
On 4 May the chairman and chief executive of Pyxis Tankers Eddie Valentis, rang the closing bell at the Nasdaq Stock Market headquarters at Times Square in midtown New York.

Pyxis has been listed since late October 2015, on the Nasdaq market - which is completely electronic- hence the bell is really a buzzer. The ceremony, followed by a reception at Nasdaq and then a lively dinner at a nearby restaurant, was attended by several dozen people including family members and personal friends, company management and directors, and bankers involved with the company’s bank and capital markets funding.

In his remarks, Valentis stressed that Pyxis, though small - presently with six vessels, would look closely at opportunities presented, and “would not enter into deals just for growth’s sake” but, instead, would enter into deals that made financial and strategic sense.

He told the group, “We are well positioned to opportunistically expand and maximize our fleet due to competitive cost structure, strong customer relationships and experienced management team, whose interests are aligned with those of our shareholders.”

The location of Nasdaq, at Times Square- something of a crossroads for New York, is unique, and included a big display (see picture) on the ten-storey high screen outside the headquarters.