Costamare Partners LP, a growth MLP carved out of Costamare to own four modern containerships, withdrew its plans for an initial public offering on Monday citing poor market conditions.
The Athens, Greece-based company was founded in 2014 and booked $59 million in sales for the 12 months ended June 30, 2015. It had planned to list on the NYSE under the symbol CMRP. Morgan Stanley, Barclays, Citi, Wells Fargo Securities, Credit Suisse and J.P. Morgan were set to be the joint bookrunners on the deal.
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