Global Ports Holding (GPH) has revealed plans to launch an initial public offering on the London Stock Exchange (LSE).

The expanding cruise terminal operator will look to raise as much as $250m to keep its expanding strategy on track.

Emre Sayin, chief executive of GPH, told TradeWinds: “We grew quite fast in the last three to four years, we added a number of ports and we now feel it’s the right time to go to the next phase of our expansion.