Capital Maritime Finance to launch 250 million euro IPO on Athens Stock Exchange

Capital Maritime Finance is planning an initial public offering (IPO) on the Athens Stock Exchange to raise 250 million euros through the issuance of new shares. The maximum offering price is set at 7.84 euros per share. Approximately 70 million euros of the total amount is expected to be covered by key investors, including entities associated with Evangelos Mytilineos and Sokratis Kokkalis, with 20 million euros each, as well as Ioannis Vardinyannis and Georgios Peristeris, with 15 million euros each.

The net proceeds from the issuance, estimated at 239.3 million euros, are intended to fund the acquisition of new vessels over the next 24 months. The company manages a fleet of 36 ships with a focus on new technology and LNG. The group has total investment obligations amounting to 1.825 billion dollars, supported by 1.6 billion dollars in agreed loan financing.

Founder Vangelis Marinakis described the move as a vote of confidence in the Greek capital market, noting that this marks the first time a shipping company is seeking an exclusive listing on the Athens Stock Exchange. He emphasized that the listing aims to provide the investment community with access to the maritime sector within Greece.