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Apollo-backed Principal Maritime Tankers files for a $100 million IPO

Principal Maritime Tankers, an Apollo-backed owner and operator of 12 modern tankers, filed on Wednesday with the SEC to raise up to $100 million in an initial public offering. The Southport, CT-based company, which was founded in 2010 and booked $85 million in sales for the fiscal year ended December 31, 2013, plans to list on the NYSE under the symbol PMAR. Principal Maritime...read more

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