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PE-backed containership operator Poseidon Containers files for a $100 million IPO

June 15, 2015

Poseidon Containers Holdings, a containership operator with an initial fleet of 18 vessels, filed on Monday with the SEC to raise up to $100 million in an initial public offering.

The Kifissia, Greece-based company, which was founded in 2010 and booked $103 million in sales for the 12 months ended March 31, 2015, plans to list on the NYSE under the symbol PCON. Poseidon Containers initially filed confidentially on September 30, 2014. Morgan Stanley, Deutsche Bank and UBS Investment Bank are the joint bookrunners on the deal. No pricing terms were disclosed.