Seacon Shipping Group Holding Limited made its initial public offering on the main board of the Hong Kong Stock Exchange on March 29, becoming the fourth company from Huzhou, East China's Zhejiang province to be listed this year.

A comprehensive service provider of one-stop shipping solutions, the company raised HK$408 million ($51.98 million) after issuing 125 million shares each priced at HK$3.27.

Backed by Huzhou Wuxing Transportation Tourism Investment Development Group Co Ltd, Seacon is the fifth largest marine services company and the fifth largest dry bulk shipping company headquartered in China.