AXIA Ventures Group brings global shipping leader Star Bulk to Euronext Athens
AXIA Ventures Group, a member of Alpha Bank Group, is pleased to announce that it acted as Lead Advisor, Joint Coordinator and Bookrunner to Star Bulk Carriers Corp. (“Star Bulk”) on its successful public offering of new shares in Greece and parallel listing on Euronext Athens, a first-of-its-kind transaction for the exchange. Star Bulk is ...
AXIA Ventures Group, a subsidiary of Alpha Bank Group, has facilitated Star Bulk Carriers Corp.'s debut public offering on the Greek stock exchange Euronext Athens. This marks a groundbreaking event for the Greek capital markets, as Star Bulk becomes the first international shipping company to be included in the FTSE/ATHEX Large Cap Index following its inclusion.
Star Bulk, a leading global dry bulk shipping company, boasts a diverse fleet and operates across key international trade routes. As the largest US-listed dry bulk shipping company by market capitalization and fleet size, and the third-largest globally, it is renowned for its global scale, deep industry expertise, and extensive track record of value creation.
The offering, priced at €24.50 per share, raised €107.8 million, significantly outperforming expectations. It attracted a broad investor base, including retail and qualified investors, and was 6 times oversubscribed. Over 7,500 investors participated, with demand well diversified.
This transaction bolsters Euronext Athens' market composition, enhancing representation of the shipping industry and opening new investment opportunities for both domestic and international investors. AXIA Ventures Group's Managing Director & Co-Head of Investment Banking Division, Mr. Alexandros Argyros, expressed pride in supporting this landmark transaction, crediting the company and its management for their trust in AXIA and Alpha Bank.
Written by urgent.news from Hellenic Shipping News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.