China Shipping embarks on pre-marketing

Joint-bookrunners BNP Paribas Peregrine and Morgan Stanley launched pre-marketing on Monday May 3 for an IPO of China Shipping Container Lines (CSCL) that should raise up to $1.5 billion. Formal roadshows were originally cheduled to begin on Monday May 17, but have been put back for at least a week while the leads gather additional pricing feedback