ZIM Integrated Shipping Services Ltd, an asset-light container liner shipping company, raised $218 million by offering 14.5 million ADSs at $15, low-end at the proposed range of $16 to $19.
The company is one of the oldest shipping liners, with over 75 years of experience, providing customers with innovative seaborne transportation and logistics services.
The Haifa, Israel-based company was founded in 1945 and booked $3.5 billion in sales for the 12 months ended September 30, 2020. It plans to list on the NYSE under the symbol “ZIM.” Citi, Goldman Sachs, Barclays, Jefferies and Clarksons Platou Securities are underwriters of the IPO.
The company engages Gross Kleinhendler Hodak Halevy Greenberg Shenhav & Co as US Securities Counsel, and KPMG International as Independent Auditor.
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