Hapag-Lloyd delays IPO following Maersk’s reduced profit warning
Container shipping line Hapag-Lloyd has extended the offer period for its initial public offering (IPO) by one week until November 3, 2015.
According to a term sheet that came out before the announcement, the IPO was likely to be priced at the bottom of a range of €23 (US$25.1) to €29 (US$31.7) per share.
The move follows Maersk’s reduced profit forecast announcement on October 23, 2015, which appears to have dampened investors’ enthusiasm.
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