ZIM announces pricing of Initial Public Offering

ZIM announced the pricing of its initial public offering ("IPO") of 14,500,000 ordinary shares at a price of $15.00 per ordinary share on January 27, 2021.

ZIM has granted the underwriters a 30-day option to purchase up to additional 2,175,000 ordinary shares at the initial public offering price. The ordinary shares are expected to begin trading on the New York Stock Exchange on January 28, 2021, under the ticker symbol ?ZIM“, and the offering is expected to close on February 1, 2021, subject to customary closing conditions.

Citigroup, Goldman Sachs & Co., LLC., and Barclays are acting as global coordinators and Jefferies and Clarksons Platou Securities are acting as joint bookrunners for the proposed initial public offering.