Safe Bulkers begins secondary listing on Euronext Athens

Shipping company Safe Bulkers has officially commenced a secondary listing of its shares on the Euronext Athens exchange. The company is listing 101,826,580 dematerialized registered common shares under the ticker symbol 'SB' and ISIN MHY7388L1039. The starting trading price has been set at 5.70 euros per share, equivalent to the closing price of 6.62 US dollars on the New York Stock Exchange as of June 1, 2026. Founder and CEO Polys Hajioannou stated that the decision to pursue a dual listing was influenced by Greece's integration into the broader Euronext market, which connects exchanges in eight countries. The company aims to increase its exposure to European analysts and investors through this move. Legal advisors for the transaction included the firms White & Case and Potamitis Vekris. Safe Bulkers continues to operate its corporate offices from Monaco.