Shipowner Exmar Shelves IPO ... for Now
EXMAR (Euronext: EXM) said that due to unfavorable current capital market conditions, it is delaying the launch of the contemplated initial public offering (IPO) of common units in the United States of EXMAR ENERGY PARTNERS LP (the MLP).
In a release, EXMAR said it will continue to evaluate the most appropriate timing for the initial public offering as market conditions develop.