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GNRT News

Poseidon goes public: Shipping company sets terms for $231 million IPO

Poseidon Containers Holdings, a containership operator with an initial fleet of 18 vessels, announced terms for its IPO on Tuesday. The Kifissia, Greece-based company plans to raise $231 million by offering 15.4 million shares at a price range of $14 to $16. At the midpoint of the proposed range, Poseidon Containers Holdings would command a fully diluted market value of $517...read more

US IPO Weekly Recap: Year's hottest deal pops 186% in year's most active week with 13 IPOs

Things just got Seres in the IPO market. Thirteen companies went public this past week, more than any week since October 2014. Seres Therapeutics skyrocketed 186% on its debut - the highest first-day pop since January 2014. The thirteen IPOs raised $1.9 billion, less than expected because 70%...read more

Gener8 Maritime prices IPO at $14, well below the range

GNRT

Gener8 Maritime, a oil tanker owner formed via the merger of General Maritime and Navig8 Crude, raised $210 million by offering 15 million shares at $14, well below the range of $17 to $19. Gener8 Maritime plans to list on the NYSE under the symbol GNRT. Gener8 Maritime initially filed confidentially on 11/12/2014. Citi, UBS Investment Bank, Jefferies and Evercore Partners acted...read more

Week ahead: As many as 17 IPOs could price during the week of June 22

TRU

17 companies are on the calendar to go public this week and raise $2.5 billion. It should be the year's most active week in the IPO market; the second busiest week saw 10 IPOs in January. Investors have plenty of options this week, so expect IPO investors to demand discounts on some of the less hot...read more