Initial public offerings Archives - The Loadstar Making sense of the supply chain Mon, 04 Nov 2024 09:52:05 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 31889032 IPO brings in HK$941m for TS Lines to finance network expansion https://theloadstar.com/ipo-brings-in-hk491m-for-ts-lines-to-finance-network-expansion/ https://theloadstar.com/ipo-brings-in-hk491m-for-ts-lines-to-finance-network-expansion/#comments Fri, 01 Nov 2024 11:34:36 +0000 https://theloadstar.com/?p=283988 Taiwanese liner operator TS Lines’ initial public offering (IPO) on the Hong Kong Stock Exchange raised HK$941m ($121m) after its listing today.
The funds raised were, however, short of the $145m TS Lines had originally targeted.
The company issued 250m shares at between HK$3.50 and HK$4.50 each, with the final offer price at HK$4.18 (US$0.54) per share.
JP Morgan and China Merchants Securities were joint bookrunners for the IPO, which was subscribed 12.09 ...

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]]> https://theloadstar.com/ipo-brings-in-hk491m-for-ts-lines-to-finance-network-expansion/feed/ 2 283988 Once more into the IPO breach with TS Lines https://theloadstar.com/once-more-into-the-ipo-breach-with-ts-lines/ https://theloadstar.com/once-more-into-the-ipo-breach-with-ts-lines/#respond Fri, 18 Oct 2024 09:36:52 +0000 https://theloadstar.com/?p=282864 If at first you don’t succeed, then try, try, try, try… and try again. That’s the lesson from Taiwanese container carrier TS Lines’ latest attempt at an initial public offering (IPO) in Hong Kong.
Here we go
Alphaliner this week reported that Hong Kong-based TS Lines, owned since 2001 by Taiwanese shipping magnate TS Chen following his departure from the family firm, Wan Hai Lines, appears to be at last heading for ...

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]]> https://theloadstar.com/once-more-into-the-ipo-breach-with-ts-lines/feed/ 0 282864 Lineage aiming to raise over $3bn from IPO as investor roadshow begins https://theloadstar.com/lineage-aiming-to-raise-over-3bn-from-ipo-as-investor-roadshow-begins/ https://theloadstar.com/lineage-aiming-to-raise-over-3bn-from-ipo-as-investor-roadshow-begins/#respond Tue, 16 Jul 2024 16:36:46 +0000 https://theloadstar.com/?p=276647 US-headquartered cold chain storage and logistics operator Lineage today announced that it had launched the roadshow for its forthcoming initial public offering (IPO) on the Nasdaq stock exchange.
The company said it would sell 47m common stocks, priced in the range of $70-$82 per share, implying that Lineage is hoping to raise between $3.29bn and $3.85bn through the sale.
A further 7.05m shares will be available to Lineage’s IPO underwriters under a ...

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]]> https://theloadstar.com/lineage-aiming-to-raise-over-3bn-from-ipo-as-investor-roadshow-begins/feed/ 0 276647 Antong to be swallowed up by state-owned China Merchants group https://theloadstar.com/antong-to-be-swallowed-up-by-state-owned-china-merchants-group/ https://theloadstar.com/antong-to-be-swallowed-up-by-state-owned-china-merchants-group/#respond Thu, 13 Jun 2024 11:47:05 +0000 https://theloadstar.com/?p=274224 A reshuffling of the state-owned China Merchants group’s container shipping business will see Antong Holdings, the holding company of Chinese domestic liner operator Quanzhou Ansheng Shipping, become a subsidiary of China Merchants Energy Shipping (CMES).
Antong announced yesterday it would facilitate its acquisition of Sinotrans Container Lines (Sinolines) and China Merchants Ro-Ro Transportation (also known as Guangzhou Ro-Ro) from CMES by issuing shares to the latter.
The acquisition was announced on 29 ...

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]]> https://theloadstar.com/antong-to-be-swallowed-up-by-state-owned-china-merchants-group/feed/ 0 274224 Jin Jiang Shipping IPO fails to hit target, but shares rise https://theloadstar.com/jin-jiang-shipping-ipo-fails-to-reach-target-but-shares-rise/ https://theloadstar.com/jin-jiang-shipping-ipo-fails-to-reach-target-but-shares-rise/#respond Tue, 05 Dec 2023 11:56:06 +0000 https://theloadstar.com/?p=260751 Shanghai Jin Jiang Shipping (JJ Shipping), the liner subsidiary of Shanghai International Port Group (SIPG), was listed on the Shanghai Stock Exchange today after an IPO that failed to raise its targeted funds.
CNY2.18bn ($308m) was raised, with the net proceeds being $290.68m after deducting issuance expenses – $136.1m below target.
The funds will go towards ordering more new ships and containers and digitalisation – JJ Shipping’s prospectus outlined plans to deploy ...

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]]> https://theloadstar.com/jin-jiang-shipping-ipo-fails-to-reach-target-but-shares-rise/feed/ 0 260751 Despite freight rate fall, LC Logistics goes ahead with Hong Kong IPO https://theloadstar.com/despite-freight-rate-fall-lc-logistics-goes-ahead-with-hong-kong-ipo/ https://theloadstar.com/despite-freight-rate-fall-lc-logistics-goes-ahead-with-hong-kong-ipo/#respond Mon, 25 Sep 2023 11:15:20 +0000 https://theloadstar.com/?p=255458 LC Logistics, parent of Chinese NVOCC BAL Container Line, went ahead with its initial public offering today, raising HK$145.64m ($18.63m) after listing 28.3m shares on the Hong Kong Stock Exchange at HK$5.13.
Amid the reversal of fortunes in the container shipping market, where freight rates have fallen steeply from historic peaks during Covid, LC Logistics is one of the few companies in the sector to go public.
Shanghai International Port Group liner ...

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]]> https://theloadstar.com/despite-freight-rate-fall-lc-logistics-goes-ahead-with-hong-kong-ipo/feed/ 0 255458 On the wires: Freightos shrugs off SPAC worries, persists with 2022 listing https://theloadstar.com/on-the-wires-freightos-shrugs-off-spac-worries-persists-with-2022-listing/ https://theloadstar.com/on-the-wires-freightos-shrugs-off-spac-worries-persists-with-2022-listing/#respond Wed, 14 Sep 2022 12:05:51 +0000 https://theloadstar.com/?p=221124 Freightos has moved one step closer to listing on the Nasdaq as yesterday it submitted, along with its special purpose acquisition company (SPAC) Gesher, a draft registration statement on their merger.
Nasdaq-listed Gesher will take over Freightos, essentially giving it an IPO. “Submitting a draft prospectus and proxy statement marks another milestone on our path to completing our planned business combination with Freightos,” said Ezra Gardner, Gesher’s CEO.
Progress may come as a ...

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]]> https://theloadstar.com/on-the-wires-freightos-shrugs-off-spac-worries-persists-with-2022-listing/feed/ 0 221124 Hong Kong freight forwarder Excel Network lodges IPO application https://theloadstar.com/hong-kong-freight-forwarder-excel-network-lodges-ipo-application/ https://theloadstar.com/hong-kong-freight-forwarder-excel-network-lodges-ipo-application/#respond Mon, 06 Jun 2022 11:48:44 +0000 https://theloadstar.com/?p=211583 Hong Kong freight forwarder Excel Network has joined a number of companies in the container shipping market in publicly listing on the Hong Kong Stock Exchange.
Founded in 1997 by CEO Wong Tat Shing and chairman Ramthur Chim, the group has incorporated ENL Group Holdings in the Cayman Islands to apply for a listing in Hong Kong.
The listing prospectus, filed on 30 May, did not give any timeframe and fund-raising target ...

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]]> https://theloadstar.com/hong-kong-freight-forwarder-excel-network-lodges-ipo-application/feed/ 0 211583 P: Cainiao-Backed logistics firm De Well Holdings plans for Hong Kong IPO https://theloadstar.com/p-cainiao-backed-logistics-firm-de-well-holdings-plans-for-hong-kong-ipo/ https://theloadstar.com/p-cainiao-backed-logistics-firm-de-well-holdings-plans-for-hong-kong-ipo/#respond Sat, 30 Apr 2022 15:29:58 +0000 https://theloadstar.com/?p=208082 Pandaily.com reports:
De Well Holdings Limited, a provider of cross-border logistics solutions, submitted an application for a listing to the Hong Kong Stock Exchange (HKEx) on Wednesday night, with Citigroup and CICC as co-sponsors.
The firm said that this fundraising plan is intended to expand its global network and strengthen its regional share in major markets. In addition, the funds will be used to enhance the company’s integrated supply chain services and ...

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]]> https://theloadstar.com/p-cainiao-backed-logistics-firm-de-well-holdings-plans-for-hong-kong-ipo/feed/ 0 208082 Against the odds: Abu Dhabi Ports in rocking IPO debut https://theloadstar.com/against-the-odds-abu-dhabi-ports-in-rocking-ipo-debut/ https://theloadstar.com/against-the-odds-abu-dhabi-ports-in-rocking-ipo-debut/#respond Tue, 08 Feb 2022 13:04:00 +0000 https://theloadstar.com/?p=198128 The port industry has welcomed a newly-listed operator after Abu Dhabi Ports (ADP) completed its partial initial public offering and began trading on the Abu Dhabi Exchange (ADX) today.
ADPORTS shares on the ADX debuted at AED3.2 ($0.87) per share and had gained about 16% by mid-morning to AED3.72.
Formally 100% controlled by the state-owned by Abu Dhabi Development Fund (ADQ), just under 25% of ADP’s stock is now free to trade ...

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