Box Ships Inc., a newly formed Greek containership owner backed by Paragon Shipping, raised $132 million on Wednesday by offering 11 million shares at $12, 25% below the midpoint of the originally-proposed $15 to $17 range. However, the company sold 10% more shares than previously expected. Box Ships will begin trading Thursday on the NYSE under the symbol TEU. UBS Investment Bank and Morgan Stanley acted as lead managers on the deal.
