The German boxline Hapag-Lloyd is ready to launch preparations for its initial public offering on the Frankfurt Stock Exchange as early as next month, Reuters reports, with the IPO happening possibly by October, earlier than planned.
The newswire said Hapag-Lloyd’s solid second quarter financial performance, results of which will be published this month, has given senior management confidence to push ahead with listing plans earlier than planned.
The company has already picked Deutsche Bank, Goldman Sachs and Berenberg to lead the transaction, Reuters reported previously.
The IPO could raise more than $5.5bn, according to reports from earlier this year.
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