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ZIM Integrated Shipping sets terms for US$306 million IPO

ZIM Integrated Shipping Services plans to raise US$306 million by offering 17

25 January 2021 - 19:00
ZIM Integrated Shipping Services plans to raise US$306 million by offering 17.5 million shares at a price between $16 to $19, reports Renaissance Capital.

If done, the Israeli flag carrier would command a fully diluted market value of $2.1 billion. Citi, Goldman Sachs, Barclays, Jefferies, and Clarksons Platou Securities are the joint book-runners on the deal.



As of September 30, the company had a global network of 66 weekly lines, calling at 310 ports in more than 80 countries.



ZIM was founded in 1945 and had a revenue of $3.5 billion for the 12 months that ended on September 30, 2020.


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