Navios follow-on offering fully subscribed

Nigel Lowry - Monday 8 February 2010

NAVIOS Maritime Partners has swiftly concluded its follow-on public offering with full exercise of the underwriters’ over-allotment option at $15.51 per unit.
The additional shares brought the total sold to more than 4m units, hiking the gross proceeds raised from the offering to $62.4m.
Navios said that the option for an additional 525,000 u...

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