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Poseidon moves for New York listing

New York: Poseidon Containers Holdings, a private equity backed containership operator with an initial fleet of 18 vessels, has filed with the SEC to raise up to $100m in an initial public offering.

The Kifissia, Greece-based company, which was founded in 2010 and booked $103m in sales for the 12 months ended March 31, 2015, plans to list on the new York Stock Exchange under the symbol PCON. Poseidon Containers initially filed confidentially on September 30, 2014. Morgan Stanley, Deutsche Bank and UBS Investment Bank are the joint bookrunners on the deal. No pricing terms have been disclosed.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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