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Hutchison aims to raise $5.8billion in its upcoming IPO

hutchison-whampoaHutchison Whampoa is all set to come up with its Initial Public Offering. It is the largest shipping container terminal operator of the world. It is expected that the company may raise $5.8 billion (£3.6bn) from this IPO. However, the company has also mentioned that it is going to sell its stake in Hutchison Port Holdings Trust (HPH Trust).

Hutchison operates couple of the biggest container ports of the world in Hong Kong and Shenzen. Hong Kong billionaire Li Ka-shing controls the company.

The analysts have predicted that this is going to be the biggest initial public offering for the ongoing financial year. The sales of the IPO may be the biggest IPO for the Singapore's markets in this season. Sean Quek of Credit Suisse has informed that they are expecting a positive response for the HPH Trust. The proposed IPO is expected to attract considerable investor interest in the Singapore market.

Hutchison Port Holdings Trust is looking forward to raise up to US$6.4 billion (S$8.1 billion) in this initial public offering (IPO) in Singapore. In the year 2003, SingTel has raised a record S$4 billion from the market through its IPO.