Cosco Group Readying for Hong Kong Listing

A strong credit bundled with steady earner port and container-leasing businesses, the Cosco Group is preparing for what it hopes will be a very successful mid-year IPO in Hong Kong. The twist on the deal is that Cosco Holdings, if and when established, will contain both Cosco Container Line and the Cosco Group assets of Cosco Pacific, which is already listed in Hong Kong. Cosco Holdings is expected to raise between HK$15.6 billion and HK$23.4 billion (approximately US$2-3 billion), which would give it a leg up on the China Shipping Container Line IPO that raised a disappointing HK$7.7 billion last year.

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