Paragon Shipping Inc., an Athens, Greece-based dry-bulk shipping company, raised $164.8 million in its IPO. The company priced 10.3 million common shares at $16 per share ($16-$18 range), and will trade on the Nasdaq under ticker symbol PRGN. UBS and Morgan Stanley served as co-lead underwriters. Shareholders include Citigroup and Silver Point Capital.
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