Hapag-Lloyd Revises IPO Again as Maersk View Damps Demand

Updated on
  • TUI will now only offer shares to cover excess demand
  • Demand matches stock offered in new pricing range, terms show

Hapag-Lloyd AG adjusted its initial public offering plan for the third time this month, potentially depriving part-owner TUI AG of an option to sell any of its holding, in a bid to attract investors spooked by a dismal outlook from shipping-industry leader A.P. Moeller-Maersk A/S.

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