Blackstone- and Cerberus-backed American Petroleum Tankers withdraws IPO

By
A A A

American Petroleum Tankers Partners LP, which provides seaborne transportation of refined petroleum products and crude oil, withdrew its plans for an initial public offering on Friday. The company did not give a reason for the withdrawal. The Plymouth Meeting, PA-based company was founded in 2010 and booked $96 million in sales for the 12 months ended June 30, 2013. American Petroleum Tankers initially filed confidentially on August 26, 2013. BofA Merrill Lynch, Barclays, Credit Suisse, UBS Investment Bank and Wells Fargo Securities were set to be the joint bookrunners on the deal.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: News Headlines , IPOs

Referenced Stocks: JAT

Renaissance Capital

Renaissance Capital

More from Renaissance Capital:

Related Videos

Stocks

Referenced

Most Active by Volume

86,627,350
  • $61.80 ▼ 3.33%
58,636,005
  • $15.44 ▼ 1.03%
43,254,709
  • $64.8725 ▼ 0.15%
39,355,269
  • $3.38 ▲ 0.90%
39,064,711
  • $4.29 ▲ 1.42%
38,037,134
  • $95.035 ▼ 0.37%
36,100,193
  • $94.66 ▼ 0.32%
32,857,379
  • $26.20 ▼ 0.46%
As of 7/10/2014, 04:04 PM