Friday, December 11, 2015

Hapag Lloyd stock

Hapag Lloyd issued an IPO (initial public offering of stock) back in November.

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 Reuters

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