Philippines tanker and ro-pax group Chelsea Logistics Corp (CLC) is in talks with shipowners over vessel acquisitions after completing its PHP 5.8bn ($116m) IPO on Tuesday.
The Dennis Uy-controlled company saw its stock rise initially on its first day of trading in Manila.
The shares jumped 4.7% from the PHP 10.68 IPO price, with nearly 38m traded. The price was a 27% discount to the maximum PHP 14.63
