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Tepid launch for Sovcomflot’s long-awaited IPO

Sovcomflot, Russia’s top shipping line, had a tepid launch yesterday on the Moscow Stock Exchange. The company’s shares fell after the long awaited initial public offering, which was priced at the lower range of its range. Sovcomflot officials say some of the $550m raised from the listing will go on bolstering its fleet as well as …

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Sovcomflot, Russia’s top shipping line, had a tepid launch yesterday on the Moscow Stock Exchange. The company’s shares fell after the long awaited initial public offering, which was priced at the lower range of its range. Sovcomflot officials say some of the $550m raised from the listing will go on bolstering its fleet as well as …

[post_title] => Tepid launch for Sovcomflot’s long-awaited IPO [post_excerpt] => Sovcomflot, Russia’s top shipping line, had a tepid launch yesterday on the Moscow Stock Exchange. The company’s shares fell after the long awaited initial public offering, which was priced at the lower range of its range. Sovcomflot officials say some... [post_status] => publish [comment_status] => open [ping_status] => closed [post_password] => [post_name] => tepid-launch-for-sovcomflots-long-awaited-ipo [to_ping] => [pinged] => [post_modified] => 2020-10-08 05:55:13 [post_modified_gmt] => 2020-10-08 05:55:13 [post_content_filtered] => [post_parent] => 0 [guid] => https://splash247.com/?p=128492 [menu_order] => 0 [post_type] => news [post_mime_type] => [comment_count] => 0 [filter] => raw )