Hapag-Lloyd drops share price on IPO

Wobbly market conditions have spurned the German container carrier to push down its IPO price range to USD 21.9 - USD 24.1, according to a press release Friday.

Ahead of its planned IPO next week, Hapag-Lloyd confirmed in a press release Friday morning that the carrier has reduced its share price from USD 21.9 - USD 24.1 (Euro 20 - Euro 22), down from the originally planned price range of USD 25 to USD 31.8. The dismal market outlook for container is to blame.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
Must contain at least 6 characters
Must contain at least 2 characters
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Share article

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

Further reading