Estonian ferry and ports company Port of Tallinn (Tallinna Sadam) has completed an IPO worth EUR 147.4m ($172.2m).

The country's government, which owned 100% of the company, approved a price of EUR 1.70 per share, towards the top of the EUR 1.40 to EUR 1.80 range.

The sale started on 25 May and saw 86.7m shares offered, of which 75.4m