Market Chatter: Singaporean Logistics Firm GLP Eyes Hong Kong IPO

MT Newswires03-12 13:53

Singapore-based logistics company GLP is seeking a valuation of about $20 billion in a planned Hong Kong initial public offering, Reuters reported Thursday, citing people familiar with the matter.

The listing could take place as early as this year, the report said.

The logistics firm has held discussions with advisers, including Citigroup and Morgan Stanley, about a potential share sale. The offering size and timeline have yet to be finalized, the report added.

A Hong Kong listing would mark GLP's return to the public markets after it was taken private in 2017 in a SG$16 billion deal, according to the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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