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Zim to raise USD 100 million with New York IPO

When Israeli container line Zim, according to plan, is listed in New York, the company aims to raise USD 100 million, which will be used for investments in ships and digital initiatives.

Photo: Zim

Israeli container line Zim plans to raise USD 100 million through a planned listing on the New York Stock Exchange, according to a prospectus submitted by the company to the stock exchange.

Zim does not set a time frame for the listing in the prospectus, but notes that proceeds from the listing will be used for, among other things, investments in ships and digital initiatives.

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