Supply chain radar: Growing up...Zim lines up its fifth IPO attempt
Rumours that Israeli shipping line Zim is once more considering an initial public offering were ...
DEALSTREETASIA reports that Zhonggu plans to use IPO proceeds “to purchase containers and container ships”.
– The listed entity is Shanghai Zhonggu Logistics
– The deal was reportedly oversubscribed (7.5x)
– Zhonggu Shipping controls Shanghai Zhonggu Logistics (background here) and maintains a majority stake post-IPO
– CICC was the lead underwriter of the deal.
The full story can be read here.