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Worst weekly perfomers: Neutral Tandem, Paragon Shipping, Titan Machinery

The following companies were the worst performing IPOs over the last five trading sessions:

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Drybulk shipper Paragon Shipping prices 10.3mm shares at $16

Paragon Shipping, a newly created drybulk carrier operator, priced its offering of 10.3 million shares at $16, the low end of its proposed $16-$18 range. Paragon owns and operates a secondhand fleet of three Handymax and three Panamax vessels providing seaborne...read more

Drybulk shipping provider Paragon Shipping files terms

Paragon Shipping, a worldwide provider of drybulk shipping services, filed terms with the SEC Monday for its upcoming IPO. The firm plans to offer 10.3 million shares at a price range of $16 to $18 per share. UBS and Morgan Stanley are the new lead managers on...read more

Paragon Shipping files for IPO

Paragon Shipping, a worldwide provider of drybulk shipping services, filed for an IPO Thursday. Cantor Fitzgerald is the sole bookrunner on the deal. The company filed to be traded on the Nasdaq exchange with the ticker "PRGN." Terms for the deal have not yet...read more

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