Alma Maritime postponed indefinitely its IPO

Mar 26, 2010

Molaris-led Alma Maritime Ltd. postponed indefinitely its initial public offering due to "market conditions," according to an underwriter.

Alma had planned to raise about $225 million by selling 11.25 million shares for $19 to $21 each.

The company does not currently own any ships but said it had agreements to purchase six tankers and one drybulk carrier.

Alma Maritime Ltd. website