What is the total size of Maritime Capital Shipping IPO?
The Maritime Capital Shipping IPO is expected to raise around $300 million from its IPO or initial public offering.
What is the price range or price band of Maritime Capital Shipping shares?
The shares of Maritime Capital Shipping IPO will be offered in the price band of S$1.24 to S$1.46 per share, though the filing says the price is indicative.
What are the business valuations and market outlook for Maritime Capital Shipping IPO?
The Hong Kong-based Maritime Capital Shipping firm is engaged in the transport of dry bulk commodities and has a fleet of 18 small vessels, which it plans to expand to as much as 30 by 2009 with cash raised from the sale of the shares.
What is the existing shareholding pattern of Maritime Capital Shipping IPO?
Some of its existing shareholders -- mostly offshore investment funds -- will sell shares, while the company will also sell new shares in the IPO.
Is this the right time to invest in shipping companies?
| Experts believe yes, but only if you have a long investment horizon. Shipping companies are trading at a discount to the broader market because of concerns about global economic growth and slower trade. Hence, you can find a bargain during this time and wait for a few years to capitalize upon the holdings. | Table of Contents |
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