ZIM Announces Closing Of $217.5 Million Initial Public Offering
ZIM Integrated Shipping Services Ltd. announced the closing of its initial public offering (IPO) on February 1, 2021. The company successfully offered 14,500,000 ordinary shares at $15.00 per share, raising gross proceeds of $217.5 million before deductions. This IPO marks ZIM's entry into the New York Stock Exchange under the symbol 'ZIM', which began trading on January 28, 2021. Key financial institutions including Citigroup, Goldman Sachs & Co., and Barclays acted as global coordinators for the offering.
- Raised $217.5 million in gross proceeds from IPO.
- Successful listing on NYSE under symbol 'ZIM'.
- Potential shareholder dilution from new shares issued.
HAIFA, Israel, Feb. 1, 2021 /PRNewswire/ -- ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) (the "Company"), a global container liner shipping company with over 75 years of experience, announced today the closing of its initial public offering ("IPO") of 14,500,000 ordinary shares, at a price to the public of
The ordinary shares began trading on The New York Stock Exchange (the "NYSE") under the symbol "ZIM" on January 28, 2021.
Citigroup, Goldman Sachs & Co., LLC., and Barclays acted as global coordinators and Jefferies and Clarksons Platou Securities acted as joint bookrunners for the proposed initial public offering.
A registration statement on Form F-1 relating to these securities was previously filed with the Securities and Exchange Commission ("SEC") (File Number: 333-251822) and declared effective by the SEC on January 27, 2021. Copies of the registration statement can be accessed by visiting the SEC website at www.sec.gov. This offering was made only by means of a prospectus. A copy of the final prospectus relating to the offering may be obtained from: Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, by telephone at 1-800-831-9146; Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, by telephone at 1-866-471-2526 or by email at prospectus-ny@ny.email.gs.com; and Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at 1-888-603-5847 or by email at barclaysprospectus@broadridge.com.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About ZIM
ZIM is a global, asset-light container liner shipping company with leadership positions in the markets where it operates. Founded in Israel in 1945, ZIM is one of the oldest shipping liners, with over 75 years of experience, providing customers with innovative seaborne transportation and logistics services with a reputation for industry leading transit times, schedule reliability and service excellence.
Logo - https://mma.prnewswire.com/media/827161/ZIM_Logo.jpg
Media:
Avner Shats
shats.avner@zim.com
+972 4 8652520
ZIM Integrated Shipping Services Ltd.
Investor Relations:
Leon Berman
The IGB Group
212-477-8438
lberman@igbir.com
ZIM-F
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SOURCE ZIM Integrated Shipping Services Ltd.
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