Shares in Navios Maritime Partners have predictably dropped after the Greek owner priced its following-on offering aimed at buying more tonnage.
The Angeliki Frangou-led bulker owner has set a per-unit price of $17.65 as it chases a war chest of nearly $100m for fleet expansion.
This is below the $18.60 closing price earlier this week and has sent the NYSE-listed outfit’s share price down 5% heading into the weekend to $17.67
