Estonian ferry and port group Port of Tallinn (Tallinna Sadam) will carry out its IPO between 25 May and 6 June, it said on Tuesday.

The company will issue up to 75.4m shares as part of its listing on the Nasdaq Tallinn exchange.

Institutional and retail investors will be offered “about a third” of the stock, it said.

The Estonian government is selling up to 11.3m