New London IPO offers exposure to shipping recovery

By Sam Kerr
29 Apr 2021

Taylor Maritime Investments, a new London investment trust, has launched an IPO on the London Stock Exchange with the aim of offering investors a chance to invest in the recovery of the global shipping industry after the Covid-19 pandemic.

The company is seeking to raise $150m through a sale of 150m shares. Existing investors will also roll $100m into the new fund raising its market capitalisation to $250m after the IPO. Management is investing $24m into the trust.

The proceeds of the IPO will be rolled into ...

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