en.Wedoany.com Reported - Greek dry bulk shipowner Safe Bulkers Inc. officially listed on the Euronext Athens Regulated Market on June 2, under the ticker symbol SB. Safe Bulkers became the first shipping company listed on the Athens Stock Exchange.
Safe Bulkers stated that its common shares will continue to be primarily listed on the New York Stock Exchange (NYSE), while its concurrently listed Series C and Series D preferred shares will not trade on the Euronext Athens market.
On its first trading day, Safe Bulkers shares opened at a reference price of €5.70 per share, corresponding to a market capitalization of €580.4 million.
CEO Polys Hajioannou stated that this is a significant milestone for Safe Bulkers, the broader maritime community, and Athens, as the city develops into an increasingly important international financial and shipping hub. He noted that the company has the opportunity to access the European institutional investor base, which helps position Athens as a premier global maritime financial center within the Euronext platform.
Safe Bulkers operates a fleet of 45 bulk carriers and continuously invests in fleet renewal and environmental performance through newbuilding projects that incorporate the latest energy efficiency and emission reduction technologies.
Euronext stated that this listing strengthens the connection between one of Greece's most strategic and internationally recognized industries and the domestic capital market, while further enhancing the industry diversity represented by the Euronext Athens market. It also reflects the market's growing international profile, credibility, and attractiveness within the broader European capital market landscape. The company will have access to a broad investor base and support for its long-term growth ambitions.
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