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Goldenport pulls out of London listing.
(From Lloyds List)
Goldenport Holdings' initial public offering on the London Stock Exchange has failed, writes Tony Gray.
A brief statement yesterday said the company founded and led by chief executive Paris Dragnis had 'postponed its proposed offering of ordinary shares'.
A spokesman said the company 'could not agree terms' with investors. It was 'a great disappointment', he added.
The statement provided no clue as to whether the project would be revived.
Goldenport, which operates 17 vessels in the bulk carrier and containership sectors, was seeking to raise GBP80m ($138m) and would have had a market capitalisation of about GBP205m.
The company was the first shipping group to seek a full listing on the London Stock Exchange in the latest round of IPOs, which have mainly gone to New York and Oslo.
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