News / Growing Chinese barge operator and forwarder Higo eyes Beijing IPO

A Higo’s barge, Hua Guang Yangshan

Chinese container barge operator and freight forwarder Higo Shipping has become the latest in a line of companies in the container shipping market in listing its stocks.

Owned by Li Weihong and his wife, Liu Hui, Higo plans to list about 25% of its shares on China’s newest bourse, the Beijing Stock Exchange.

Based on a maximum issue price of Rmb8 ($1.19) a share, the IPO could raise around Rmb182.27m ($27.21m). Higo made the application on 28 June but did not specify ...