SM Line pushes back IPO scheme on tepid institutional demand

South Korea’s container carrier SM Line Corp. has pushed back its IPO schedule on the Kosdaq after meeting with lukewarm institutional demand during the book-building amid bearish market. The shipper and its lead IPO underwriter NH Investment & Securities decided to put off the offering in consideration of latest unfavorable market conditions, SM Line said …

The post SM Line pushes back IPO scheme on tepid institutional demand first appeared on Hellenic Shipping News Worldwide.

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