APM Terminals Bahrain aims to raise more than $30m with IPO

The offering will start on November 8 and will remain open until November 24



Port operator APM Terminals Bahrain plans to raise almost BHD12m ($32m) through its planned initial public offering (IPO).

The company will offer 18 million shares, equivalent to 20 per cent of its issued share capital, at BHD0.66 per share, it said in the IPO prospectus published on Monday.

APM Terminals Bahrain, 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.

Read: Bahrain Plans IPO For Khalifa Bin Salman Port Operator

The offering will start on November 8 and will remain open until November 24. The company’s shares will start trading on December 9, according to the prospectus.

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