From Bloomberg news (at the time of issue). The stock ticker symbol is HLAG and trades on Xetra exchange.
Hapag-Lloyd shares were sold at 20 euros ($21.92) apiece, the German shipping company said on Tuesday, confirming an earlier Reuters report.
The company had originally targeted a market cap of more than 5 billion euros, but in wobbly markets offered shares for 23-29 euros each.
Weak demand later prompted it to postpone the IPO, trim the number of shares on offer and lower the price range to 20-22 euros.
Several large investors had cancelled share orders after a profit warning from peer Maersk rocked already jittery markets.
Read more at Reutershttp://www.reuters.com/article/hapag-lloyd-ipo-idUSL8N12Y3Q820151103#gVW9QRZjDioSPTrl.99
No comments:
Post a Comment