Hapag-Lloyd successfully pulled off its IPO, but are investors' funds now at risk?

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The outcome of the IPO of Hapag-Lloyd didn’t surprise me at all, but if I had known that the tide was turning in the shipping industry, I would have been even much more cautious over the outlook for the world’s fourth-largest box line.

A profit warning from market leader Maersk last month – which hit Hapag in the process of pricing its IPO and clearly affected its valuation – is not the only element that signals possible downside risk for the ...