Bahrain’s APM Terminals IPO to Raise Over $30 Million

Published November 1st, 2018 - 08:31 GMT
Bahrain’s Apm Terminals IPO to Raise Over $30 Million. (Shutterstock)
Bahrain’s Apm Terminals IPO to Raise Over $30 Million. (Shutterstock)

APM Terminals Bahrain plans to raise almost BHD 12 million ($32 million) through its planned initial public offering (IPO).

The offering will start on 8 November and will remain open until 24 November, the company's shares will start trading on 9 December 2018.

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Bahrain's SICO is working as a lead manager, underwriter and market maker for the planned transaction.

Port operator, which has operated in the country for 12 years, is part of the Netherlands-based group APM Terminals, which is itself part of the Maersk Group, reported Reuters.

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