Capital Maritime Finance completes IPO with €1.1 billion in bids

Capital Maritime Finance IPO Euronext Athens shipping industry Evangelos Marinakis

Capital Maritime Finance Corp. (CMF) has successfully completed its initial public offering (IPO) on the Euronext Athens Main Market. The offering saw massive demand, with total bids reaching approximately €1.1 billion, resulting in an oversubscription of more than 4.34 times the original target.

Due to this high demand, the company increased its fundraising goal from an initial €250 million to €300 million. The final offering price was set at €7.50 per share, which was approved by the company’s Pricing Committee. The IPO involved the issuance of 40 million new common shares.

Significant participation came from cornerstone investors, including prominent Greek business groups associated with Evangelos Marinakis, totaling €70 million in commitments. These include interests from the Vardinojanis, Mitilinaios, Peristeris, and Kokkalis families. Additionally, the offering saw unprecedented interest from approximately 14,000 Greek individual investors.

The proceeds are intended to fund the acquisition of 23 new container ships within 24 months, supporting a long-term investment program valued at approximately $1.82 billion. This expansion aims to grow the company’s fleet to 36 container ships by the end of 2028.

Entities

Capital Maritime Finance · Capital Maritime Finance Corp. · Eurobank · Euronext Athens · Evangelos Marinakis · Evangelos Mitilineos · Greece · Piraeus Bank

Claims

What the coverage asserts, and how many sources carry each claim.

[● 8 SOURCES] The IPO offering book for Capital Maritime Finance closed with bids totaling 1.1 billion euros. www.sofokleousin.gr · www.tanea.gr · www.energygame.gr · www.reporter.gr · www.ot.gr · +3 more
[○ 1 SOURCE] The company's investment program is valued at approximately 1.82 billion dollars. www.sofokleousin.gr
[● 5 SOURCES] Cornerstone investors have committed to a total of 70 million euros. www.sofokleousin.gr · www.tanea.gr · www.energygame.gr · www.reporter.gr · www.naftemporiki.gr
[● 9 SOURCES] The initial fundraising target of 250 million euros is expected to increase to 300 million euros due to high demand. www.energymag.gr · www.sofokleousin.gr · www.tanea.gr · www.energygame.gr · bankwars.gr · +4 more
[● 2 SOURCES] Capital Maritime Finance aims to expand its fleet to 36 container ships by the end of 2028. www.sofokleousin.gr · www.tanea.gr
[● 3 SOURCES] The binding price range for the offering is set between 7 and 7.68 euros per share. www.sofokleousin.gr · www.tanea.gr · www.energygame.gr
[○ 1 SOURCE] Approximately 14,000 Greek individual investors participated in the offering. www.capital.gr
[● 6 SOURCES] The final offering price was set at 7.50 euros per share. bankwars.gr · www.reporter.gr · www.ot.gr · www.iefimerida.gr · www.naftemporiki.gr · +1 more