Hapag-Lloyd’s IPO moves nearer

Hapag-Lloyd’s IPO moves nearer

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.

When contacted by Splash for comment, a spokesperson said: “Please understand that we won´t comment on market rumours.”

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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