Israeli shipping company Zim is considering an initial public offering on a foreign exchange, financial news website Globes reported Monday. The company is reportedly explored an IPO in London or New York.
Zim, which reported $3.3 billion in revenue in 2019, has hired three foreign banks to help with the IPO, which will value the shipping company at $750 million, Globes said.
Follow Israel Hayom on Facebook and Twitter
Zim's shareholders include Kenon Holdings, which owns 32% of the company. A number of financial institutions and ship owners hold the remaining 68%.
