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Exmar delays MLP offering
Exmar has delayed plans for a master limited partnership (MLP) initial public offering (IPO) in the US.
1 Min Read
Kalyakan - stock.adobe.com
In a brief statement said that the IPO of Exmar Energy Partners had been delayed due to “unfavourable current capital market conditions”.
“Exmar will continue to evaluate the most appropriate timing for the initial public offering as market conditions develop,” the company said.
The most recent MLP offering Navios Maritime Midstream Partners priced at $15 per unit below an expected range of $19 - $21 per unit.
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