News / Zim delays New York IPO due to weak market conditions

Zim

By LoadstarEditorial

06/01/2016

Haaretz, Israel’s oldest newspaper, is reporting that containerline Zim Integrated Shipping Services has taken heed of the deteriorating market conditions and delayed a planned New York initial public offering. The newspaper says senior management took the decision to delay the listing on the back of the poor reception German boxline Hapag-Lloyd got from its Frankfurt IPO in November.

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