The US-listed company said it would issue American depositary shares (ADS) to the public.
One ADS represents 1% of a redeemable preferred share.
Navios has not revealed a price or a fundraising target yet, but said underwriters will have a 30-day option to snap up more ADSs.
The issue will be listed in New York.
“The net proceeds of the offering will be used for general corporate purposes, including acquisition of vessels,” it added.
Morgan
