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China Shipping Nauticgreen Delays $193M IPO
中海Nauticgreen控股推迟了s $193 million Hong Kong initial public offering.
China Shipping Nauticgreen Holdingshas put off its $193 million Hong Kong initial public offering (IPO),The Wall Street Journalreports. The offering has been postponed due to recent unfavorable market conditions.
The China shipping company intended to sell 600 million shares in an indicative price range of $0.19-0.32 per share on Aug. 19, 2011.Deutsche BankandChina Merchants Securitiesare the combined global coordinators for the offering.
Click here for the story fromThe Wall Street Journal.