Exmar Shelves IPO
- Business & Finance
Antwerp-based LNG and LPG carrier owner and operator Exmar has decided to delay the launch of the contemplated initial public offering of common units in the United States of Exmar Energy Partners LP (the MLP), citing unfavorable current capital market conditions as the reason.
Exmar says it will continue to evaluate the most appropriate timing for the initial public offering as market conditions develop.
Exmar filed a registration statement on Form F-1 relating to the common units with the Securities and Exchange Commission back in September, but neither determining the number of common units to be offered, nor the price range for the offering.
Had the offering been completed, the MLP would have owned a 50% equity interest in joint ventures that own and operate four LNG regasification vessels and one LNG carrier.