Haaretz, Israel’s oldest newspaper, is reporting 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 got from its Frankfurt IPO in November.
Zim declined to confirm the delay when contacted by the newspaper.
Last October it was reported Zim had appointed Merrill Lynch and Barclays to ready a Wall Street listing.
