Seacon Shipping Group, a Chinese shipowner and operator, has started its initial public offering in Hong Kong with a target fundraising amount of up to $62 million. The business with its headquarters in Qingdao is selling up to 125 million shares at a price per share that is anticipated to be between $0.41 and $0.49.
The business stated that it plans to set the IPO’s price on March 17 and announce the allotment results on March 28. On March 29, the shares should begin trading on the stock market.
When Seacon began operating its shipmanagement company in Hong Kong, it did so in 2012. It established Seacon Enterprise in Singapore in 2017 to join the shipping services industry. It commands more than 200 ships and oversees more.
