APM commences IPO

Bahrain’s BD11.880 mn APM Terminals IPO has met with positive investor appetite said SICO in a statement saying, “we look forward to closing with a fully-subscribed offering.” The offer period for the APM Terminals Bahrain IPO will close on November 24th with the start of trading on the Bahrain Bourse scheduled to begin on 9 December.

SICO is the mandated lead manager, underwriter, market maker and participating broker for the APM Terminals Bahrain IPO. “Indications thus far show positive investor appetite for Bahrain’s BHD 11.880 mn APM Terminals Bahrain IPO which opened for subscriptions on 8 November,” SICO statement said.

SICO said it is encouraged by the fact that both institutional and retail investors are keen on taking part in a public offering that is not only attractively priced but also plays a key role in the development of Bahrain’s non-oil economy. “I was very pleased to see applications processed from day one of the IPO through all the various channels available including the four mandated brokers, participating AUB branches as well as through the Bahrain Bourse’s recently-launched eIPO Platform,” said Wissam Haddad, Head of Investment Banking and Real Estate at SICO.