It has taken nearly a week, but shares of New York Stock Exchange debutant Zim are climbing back towards the $15 deal price.
After a disastrous first trading day in which the Israeli containership liner fell more than 23%, it has made steady progress every day since and was hovering just above $14 on Wednesday.
Although this was still not the ideal scenario for mainstream shipping’s first successfully concluded IPO since Gener8 Maritime in June 2015, there is at least a sense of order restored.
