John Michael Radziwill’s GoodBulk Ltd has pulled its $140m New York initial public offering after finding insufficient investor interest within its price expectations, a source familiar with the deal tells TradeWinds.
The decision ends — at least for now — dry trade owner GoodBulk’s attempt to become the first shipowner to complete a US IPO since tanker owner Gener8 Maritime was able to get public in June 2015.
