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Navios Containers kicks off New York IPO

Navios Maritime Containers, the Angeliki Frangou-led group’s new boxship vehicle, has begun its keenly watched initial public offering in New York and much will ride on the outcome as it bids to become the first new US shipping listing for three years. The group has been a prodigious capital-raiser and has set a seemingly modest $100m target at the midpoint its price expectations, with proceeds to be used to help finance a further four containerships

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Navios Group’s new boxship vehicle is looking for $100m to help fund another five acquisitions

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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