Chinese Shipping Company Delays $193M IPO

China Shipping Nauticgreen Holdings has deferred its $193 million initial public offering (IPO), The Wall Street Journal reports. It has delayed its Hong Kong listing due to volatile market conditions.

China Shipping Nauticgreen was looking to sell 600 million shares and planned to list on the Hong Kong Stock Exchange on August 19. The joint global coordinators on the deal are Deutsche Bank and China Merchants Securities.

Click here for the story from The Wall Street Journal.