Hapag-Llloyd IPO

Hapag-Lloyd has been trying to do an IPO for a few years.  The world economy is not making this easy, and once again they have postponed it for a few days, because their competitor Maersk, downgraded their forecast.

Hapag-Lloyd says their forecast is unchanged.  They are not as involved in the Asian trade as Maersk, and Maersk also has much more exposure in the oil exploration and transportation than Hapag-Lloyd, so I think
Hapag-Lloyd is probably valid to hold to their forecast.

Here's what Reuters reported

German container shipping group Hapag-Lloyd [HPLG.UL] is postponing its stock market debut by a week after investors turned its back on the company following peer Maersk's (MAERSKb.CO) profit warning, two sources told Reuters.
If demand for the shares remains weak Hapag may lower the offer price, the people familiar with the deal said on Tuesday, adding that cancelling the IPO also remained an option.
Hapag-Lloyd said it was extending the offer period for its initial public offering (IPO) by a week to Nov. 3, with trading now likely to start on Nov. 6.
"The order book had been more than one time subscribed. Now the main goal is to get investors to come back who have shied away due to Maersk," one of the people said.
Hapag-Lloyd reiterated that its earnings outlook remained unchanged, despite peer Maersk's (MAERSKb.CO) slashing its 2015 profit targets last week.