Turkey's Global Ports Holding has priced its $200m London IPO.
The expanding cruise terminal operator said shares will be sold at between £0.735 and £0.875p per share, giving it a market capitalisation of up to £539m ($696m).
The deal is a mix of new shares issued by Global Ports and existing shares held by a Dutch subsidiary of parent Global Yatirim Holding.
There is an over-allotment option of up to 15% of the total number of shares.
It expects to raise $75m from the IPO.
Proceeds will develop and expand its business, through terminal acquisitions.
"Listing on the London Stock Exchange will provide the opportunity for investors to share in our ambitious plans to expand our existing footprint of 14 ports in eight countries, through acquisitions across Europe, the Caribbean and Asia," said CEO Emre Sayin.
The group has added six ports in the last 18 months and currently controls a portfolio of 14 in eight countries.
It had been mulling a public listing for more than two years.
The company’s revenue for 2016 was $115m while the number of passengers more than doubled to 7.8m from 2014 to 2016.
