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Navios Maritime Containers files for a $100 million IPO

Angeliki Frangou. File Photo: SUNY Maritime College

By Aiswarya Lakshmi

Monaco-based container ship company Navios Maritime Containers has filed with the SEC to raise up to $100 million in an initial public offering.

The information of IPO was originally provided by the IPO investment manager Renaissance Capital.
The Navios Holdings company run by Angeliki Frangou was founded in 2017 and booked $69 million in sales for the 12 months ended March 31, 2018.
According to the company website: "We are a growth-oriented international owner and operator of containerships. We were formed in April 2017 by Navios Holdings, which owns, operates or manages one of the largest shipping fleets by capacity, to take advantage of acquisition and chartering opportunities in the container shipping sector. "
It plans to list on the Nasdaq but has not disclosed a symbol. J.P. Morgan, BofA Merrill Lynch, Citi and Clarksons Platou Securities are the joint bookrunners on the deal. No pricing terms were disclosed, said the Renaissance Capital sources.

Jun 17, 2018

 

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