Global Ports Holding Launches IPO on LSE

Image Courtesy: Global Ports Holding

Turkey-based cruise port operator Global Ports Holding (GPH) has listed its initial public offering (IPO) on London Stock Exchange (LSE).

The company was officially listed on LSE on May 17.

With the pricing of its offer at 740 pence per share, the floatation gives the company a market capitalization of GBP 465 million (around USD 605.7 million).

The company said it will receive net proceeds of about GBP 51.7 million, which will be used to develop and expand the cruise business.

“The announcement is a significant moment for Global Ports Holding and I would like to welcome our new shareholders who share our … vision… We look forward with confidence to the next stage of our development as a listed company,” Mehmet Kutman, Chairman/Co-Founder of GPH, said.

Established in 2004, GPH operates fourteen ports in eight countries.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jan 2018 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31 1 2 3 4

APM – ASIA PACIFIC MARITIME 2018

27 years in the making, APM is the premier shipbuilding & marine, workboat and offshore exhibition in Asia trusted by generations of industry professionals.

read more >

Mega Cargo Show 2018

The focus of the event is to bring all connected with cargo fraternity on a single platform…

read more >

Vietship 2018

Vietship is the largest and longest established exhibition in Vietnam featuring all aspect of Shipbuilding, Shipping and Offshore Technology.

Since its first event in 2002, Vietship has become the convergence and platform of advanced technologies regional and worldwide in shipbuilding and ship repair, marine equipment, waterway transportation and services, marine and offshore engineering.

After 16 years of eight consecutive editions, Vietship has affirm itself as an important event in enhancing cooperation and development, attracting investments, exchanging technology and creating ideal opportunities for trade promotion in the international maritime industry.

More info

read more >

LNG Bunkering Summit 2018

The conference will cover the obstacles facing both the shipping and port communities, exploring developments in conversion and new builds…

read more >