Renaissance Capital logo

Box Ships quiet period ends May 24

May 19, 2011
TEU

Box Ships Inc., a newly formed Greek containership owner backed by Paragon Shipping, will see its quiet period end on Tuesday, May 24. On April 13, the company raised $132 million by offering 11 million shares at $12, below the range of $15 to $17. UBS Investment Bank and Morgan Stanley acted as lead managers on the deal.