Global Ports Holding Launches IPO on LSE

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>

<< Jul 2018 >>
MTWTFSS
25 26 27 28 29 30 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 5

TRANSTEC 2018

TRANSTEC 2018 welcomes participants to explore Russian Ports and Shipping development opportunities…

read more >

Europort 2018

From 15-17 May 2018, the 12th edition of Europort Romania willl take place in the IDU Hall in Constanta…

read more >

SMM 2018

This is a must-attend event – a unique opportunity to meet key players, display business strengths, establish new contacts and exchange…

read more >

Defence Safety Conference Supported by The Defence Safety Authority, UK MoD

The Defence Safety Conference is the first of its kind exclusively dedicated to safety across the defence domain…

read more >