Global Ports Holding shares are set to begin open trading on May 17, as the world’s largest cruise port operator has completed its London IPO.
“We have been very pleased with the strong interest in our offer, and we would like to thank our investors for supporting us during this exciting time for our business. We are proud of our unique business model and ambitious plans for the future, which will create value for all our stakeholders. We look forward to delivering on our strategy and continuing to explore new growth opportunities,” said Emre Sayin, CEO, in a statement.
The deal reportedly raised just under 155 million pounds, of which a third will be used to acquire long-term agreements to operate more cruise ports.
Ports under the Global Ports banner include Valletta, Barcelona, Venice, Malaga, Dubrovnik, Lisbon, Antalya, Kuşadasi, Bodrum, Ravenna, Cagliari, Bar, and Singapore.