After a false start earlier this year, Navios Maritime Containers is set for its debut on US markets.
According to a filing with the Securities and Exchange Commission Friday afternoon, the Angeliki Frangou-backed boxship specialist has gotten the go-ahead to list shares on the Nasdaq Global Select Market trading under the symbol NMCI.
The stock will begin trading on 10 December, the company said.
Navios Containers attempted a $121m IPO in September, but backed off the deal due to a lack of demand. It was the latest shipping IPO to fail, prolonging a streak that dates back to 2015.
Instead, the company explored other options, settling on a direct listing.
The company was converted to a limited partnership in late October and earlier this month confirmed the distribution of 855,050 Navios Containers shares to shareholders of Navios Maritime Partners.
Navios Maritime Partners will retain 33.5% of Navios Containers.
