Zim Integrated Shipping Services debuted on the New York Stock Exchange yesterday with an initial public offering (IPO) of 14.5 million ordinary shares offered at US$15 a share, with the price slipping to US$11.52 by the close.
An initial offering saw less than half the shares sold with the IPO due to close on 1 February with an option for a further 2,175,000 shares on a 30-day option at the IPO price.
The Zim listing is particularly surprising given the company is the first container ship...