/PRNewswire/ ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) (the "Company"), a global container liner shipping company with over 75 years of experience,.
ZIM Announces Launch Of Secondary Offering Of Ordinary Shares
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HAIFA, Israel, June 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 launch of a secondary offering of 6,730,583 ordinary shares to be sold by certain selling shareholders of the Company (the Selling Shareholders ). The underwriters have a 30-day option period to purchase up to 1,009,587 additional ordinary shares from the Selling Shareholders at the public offering price, less underwriting discounts and commissions. The Company will not receive any proceeds from this offering.
Zim files to raise up to $360m in secondary offering
The Israeli shipping company will not issue any new shares or receive proceeds from the offering as shareholders seek to profit from the share price s sharp rise.
After its share price has risen more than 200% since its IPO on Wall Street in January, Zim Integrated Shipping Services Ltd. (NYSE: ZIM) has filed with the US Securities and Exchange Commission (SEC) to raise between $312-360 million in a secondary offering, according to the current share price.
Zim itself will not issue any new shares or receive proceeds from the offering as existing shareholders seek to profit from the share price s sharp rise. Existing shareholders will sell 6,730,583 ordinary shares and will grant the underwriters a 30-day option period to purchase up to 1,009,587 additional ordinary shares.
/PRNewswire/ ZIM Integrated Shipping Services Ltd. (NYSE: ZIM), a global container liner shipping company, announced today its consolidated results for the.