Navios Maritime, a limited partnership formed by public drybulk ship operator Navios Maritime Holdings (NM) to own and operate its larger ships that carry long-term, fixed-rate charters, priced its 10.0 million unit offering at $20, the midpoint of the proposed $19-$21 range. Merrill Lynch and JPMorgan were the lead underwriters on the deal. The unit is expected to begin trading on the NYSE today under the symbol "NMM."
