Costamare, an international shipping company with a fleet of 41 containerships aggregating 211,882 TEUs, filed and announced terms for its IPO on Wednesday. The Athens-based company plans to raise $213 million by offering 13.3 million shares at a price range of $15-$17. At the mid-point of the proposed range, Costamare will command a market value of $965 million. Costamare, which was founded in 2008 and booked $371 million in sales for the 12 months ended June 30, plans to list on the NYSE under the symbol CMRE. Morgan Stanley and BofA Merrill Lynch are the lead underwriters on the deal, which is expected to price during the week of November 1.
