Boxship power Costamare is marking time on its planned initial public offering (IPO) spin-off in New York amid a choppy market for master limited partnerships (MLPs) but it has no plans to withdraw.
Sources familiar with the effort say Costamare Partners’ IPO prospectus is updated and essentially ready to bring forward at any time.
The hitch is that valuations in the MLP market still have not fully recovered from the October energy-market meltdown triggered by falling oil prices, making an IPO a chancy proposition at this point.
“They’ve
