Hapag-Lloyd unveils plan for $5.6 billion IPO this year

Hapag-Lloyd unveils plan for $5.6 billion IPO this year

Hapag-Lloyd, the world's fifth-largest ocear carrier by capacity, today unveiled plans for an initial public offering before the end of the year that is set to raise around $500 million to help fund the acquisition of mega-ships and value the company at around 5 billion euros ($5.6 billion).

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