Zim Prepares for HK IPO with Goldman Sachs, Morgan Stanley

Israel Corp said on Monday it is planning to float Zim Integrated Shipping Services either in Hong Kong or Tel Aviv. The major investment holding company in Israel said in a statement that no decisions have been made as to the timing, location and size of an offering, which also be dependent on the prevailing market condi­tions and regulatory approvals. Earlier, South China Morning Post reported Zim could raise as much as $500 million with the assis­tance of Goldman Sachs and Morgan Stanley

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