The book-building process for Capital Maritime Finance’s initial public offering (IPO) has closed, with bids reportedly totaling 1.1 billion euros.
Major foreign institutional investors expressed strong interest and subscribed to the offering, while retail investor participation was also described as robust, reportedly reaching very high levels.The strong response is particularly significant as this is the first exclusive primary listing of a shipping company on Euronext Athens, establishing a new benchmark for connecting Greece’s capital market with the ocean-going shipping industry.
Capital Maritime Finance aims to raise approximately 250 million euros, with the amount potentially increasing to 300 million euros, through the issuance of up to 42 million new common shares.
The binding offer price range has been set at between 7 and 7.68 euros per share, while the final price will be determined through the electronic book-building process and will be the same for all investors.
Cornerstone investors have already committed to participating with a total of 70 million euros, providing a significant foundation for the success of the
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Capital Maritime Finance IPO Attracts 1.1bln€ in Bids
Capital Maritime Finance IPO Attracts 1.1bln€ in Bids
