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Chemical shipping firm postpones IPO

10:20 AM MDT | April 11, 2014 | Francinia Protti-Alvarez

Stalwart Tankers (Athens) has postponed plans to list shares in the United States owing to "market conditions," a Reuters report says. The company filed in February this year with US regulators to raise up to $100 million in an initial public offering of common stock. The filing does not disclose the number of shares or the expected price per share. The company said later that it was expecting to offer 12.5 million shares at $11–13/share, the Reuters report says. The company has a fleet of five chemical tankers, according to its Web...

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