Shanghai Port’s Shipping Service Spinoff Surges 58.6% in Strong Debut

00:00

00:00/00:00

Listen to this article 1x

While port operators float their shipping business, the container shipping market is posing more uncertainties to their business outlook

Shanghai Jinjiang Shipping Group Co. Ltd., the shipping business unit of Shanghai International Port Group, gained 58.6% in its trading debut in Shanghai after a 2.18 billion yuan ($306 million) initial public offering.

The container shipping service provider finished its first day of trading at 17.84 yuan a share, giving it a market cap of 23.1 billion yuan.

You've accessed an article available only to subscribers

Subscribe today for just $.99.

VIEW OPTIONS

Share this article

Open WeChat and scan the QR code

GALLERY

: Gallery: Asia New Vision Forum Kicks Off in Singapore

NEWSLETTERS

Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription

PODCAST

Caixin Deep Dive: Former Securities Regulator Yi Huiman’s Corruption Probe

00:00

00:00/00:00

MOST POPULAR

1: Sinopec and Saudi Aramco Launch $10 Billion Petrochemical Venture in Fujian

2: Cover Story: How the Yuan is Taking Over the Dollar’s Role in Global Trade

3: Finance Movers and Shakers: Former Securities Watchdog Chief Yi Huiman Under Graft Probe

4: Hong Kong Moves to Ease Capital Rules for Banks Holding Licensed Crypto

5: China’s Regulator Ramps Up Push to Curb Food Delivery Subsidy War