Ocean carrier ZIM fast-tracks IPO, targets $2 billion valuation

ZIM NYSE listing

Israeli ocean carrier ZIM Integrated Shipping Services is striking while the iron is hot and moving fast on its initial public offering (IPO). It plans to price its offering and list its stock on the New York Stock Exchange (NYSE) in just a few days — on Jan. 27. The U.S. investor roadshow is now underway.

According to its newly revised prospectus, ZIM plans to sell 17.5 million shares at a target price of $16-$19 each. Gross proceeds would be $306.5 million at the target-range midpoint ($17.50...


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