China Shipping embarks on pre-marketing

Company hopes investors will view recent share price weakness across global shipping stocks as a buying opportunity into one of the sector''s largest and fastest growing companies.

Joint-bookrunners BNP Paribas Peregrine and Morgan Stanley launched pre-marketing on Monday May 3 for an IPO of China Shipping Container Lines CSCL that should raise up to $1.5 billion. Formal roadshows were originally cheduled to begin on Monday May 17, but have been put back for at least a week while the leads gather additional pricing feedback

Alongside the leads, Credit Suisse First Boston is senior co-lead, with ABN AMRO and CLSA as co-leads. Nomura...

To continue reading, please login or register for free

Click for more on: china | shipping | embarks | premarketing

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • Green Bonds Southeast Asia

    25 May 2017  |  Singapore
    With Green Bonds globally reaching USD200 billion outstanding in 2016, from as little as 30bn just 4 years ago, can SE Asia corporations and ...
  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...