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Seacastle postpones its proposed IPO

Wed Jan 30, 2008 2:16pm EST

Jan 30 (Reuters) - Seacastle Inc SC.N said it is postponing its proposed initial public offering due to unfavorable market conditions and market volatility.

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On Sept 12, the company said it filed for an IPO to raise up to $345 million. (Reporting by Sreerupa Mitra in Bangalore)

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