Renaissance Capital logo

Poseidon Containers withdraws $231 million IPO

August 13, 2015

Poseidon Containers Holdings, a containership operator with an initial fleet of 19 vessels, withdrew its plans for an initial public offering on Thursday.

Poseidon Containers originally postponed what would have been a $231 million IPO on July 30. 

The Kifissia, Greece-based company was founded in 2010 and booked $103 million in sales for the 12 months ended March 31, 2015. Morgan Stanley, Deutsche Bank, UBS Investment Bank, Citi, Jefferies and ABN AMRO were set to be the joint bookrunners on the deal.