Islamic Republic of Iran Shipping Lines (IRISL) is eyeing an initial public offering (IPO) in London but US sanctions still in place could prove to be a serious obstacle.
Iran’s top shipping company has held meetings in the English capital to discuss a possible listing on the London Stock Exchange (LSE), Reuters reported.
This move would make IRISL the first Iranian company to list on England’s main bourse since the Islamic revolution in 1979.
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