ZIM Integrated Shipping Services Ltd.

ZIM Integrated Shipping Services Ltd. (ZIM) priced its initial public offering on Jan 29, 2021 at $15.00 per share, below its $16.00–$19.00 range, and listed on NYSE. At the IPO price its market capitalization was about $1.72B. Citigroup was lead-left underwriter, joined by Goldman Sachs, Barclays and Jefferies and others. Davis Polk advised the company and Goldfarb Gross Seligman and Sullivan & Cromwell advised the underwriters.

ZIM Integrated Shipping Services Ltd. is an asset-light container liner shipping company founded in Israel in 1945. It provides seaborne transportation and logistics services globally and focuses on niche markets.

Status

IPO

Ticker

ZIM

Exchange

NYSE

Priced

Jan 29, 2021

IPO price

$15.00

Price range

$16.00–$19.00

Market cap at IPO price

$1.72B

First filed

Dec 30, 2020

Underwriters

Citigroup, Goldman Sachs, Barclays, Jefferies and Clarksons Platou

Company counsel

Davis Polk

Underwriters' counsel

Goldfarb Gross Seligman and Sullivan & Cromwell

Sector

Transportation

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.