Initial public offerings

On the wires: Stretched Zim & wealthy OOCL hunting for new blood

Expect container shipping plays on the world’s stock exchanges to increase in frequency as carriers look for more sources of free money and investors look for new ways to take part in the supply chain boom.
Israel’s Zim Integrated Shipping Services filed its updated IPO prospectus last week, outlining its goal of selling 17.5m shares at between $16 and $19 per share (at the high end of the rage, Zim will …

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Against the odds: All eyes on Zim as CMA CGM doesn’t blink

Israeli container shipping carrier ZIM Integrated Shipping Services (Zim) left it late in 2020 to submit its IPO prospectus for a listing on the New York Stock Exchange.
The “proposed maximum aggregate offering price” stands at just $100m, but as usual that’s estimated, as it says, solely for the purpose of calculating the registration fee and includes stock that the underwriters have the option to purchase.
Capital structure adjustments 
Any proceeds are expected to be used to …

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‘Success story’ Gefco formally applies to launch IPO next year

French logistics giant Gefco has applied to the Paris Euronext stock exchange to launch an initial public offering (IPO) next year.
The group, currently 75% controlled by Russian Railways and 25% by carmaker Peugeot (PSA), this morning delivered its Document de Base to France’s financial authority (AMF) for approval for the IPO.
It said that Russian Railways was looking to reduce its stake to below 50%, while Peugeot was likely to own …

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Analysis: a Schenker IPO on the board’s agenda at Deutsche Bahn?

Corporate Germany and its financiers have never been busier: Deutsche Post-DHL last week announced a restructuring of its PeP unit; Thyssenkrupp has this month decided to spin off its shipbuilding business; and, finally, troubled lender Deutsche Bank could itself be a break-up candidate – if you believe the rumour mill.
Yet these latest news and speculation could be soon overshadowed by major corporate action which might be brewing in the secret rooms of …

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