GoodBulk’s failure to sell its $140m initial public offering on the Nasdaq stock market last week has been squarely blamed by insiders on the shrinking number of investors committed to shipping, raising doubts about the market’s appetite for fresh deals.
The momentum-killing stall of what would have been the first shipping IPO in the US in three years also triggered a round of blame-placing from finance players who pointed at the actions of lead investment banker Morgan Stanley.
