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Navios ceases plan for IPO on Nasdaq

Navios Maritime Containers Inc. NMCI, +0.00% mentioned past due Thursday it has "ceased marketing" its in the past introduced proposed U.S. preliminary public providing on the Nasdaq Global Select Market. The provider of container services to the maritime trade mentioned it is growing a plan to pursue an instantaneous list on a U.S. change. The corporate had introduced earlier this month that it had commenced an IPO of about 5.3 million shares of not unusual stock, which was expected to value between $18 to $20 a share. Navios mentioned it will request that its stock resume buying and selling on the N-OTC change on Sept. 17.

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