Stalwart Tankers Inc News

Stalwart Tankers Postpones U.S. IPO

Greece-based chemical transportation company Stalwart Tankers Inc has postponed its U.S. IPO plans due to "market conditions," an underwriter told Reuters. The company filed with U.S. regulators in February to raise up to $100 million in an IPO of its common stock. Stalwart Tankers later said it expected to price its IPO of 12.5 million common shares at between $11 and $13 per share. The decision to postpone the IPO comes on the heels of Greece returning to the bond market on Thursday…