Zim Integrated Shipping Services staged a small rally on its second trading day on Friday after the stock collapsed 23% upon completion of its initial public offering.
The Israeli liner company's shares were hanging just above the $12 mark in the last hour of trading, a gain of about 4.6% from Thursday's close of $11.50.
The New York Stock Exchange newcomer lost more than $400m in market value on Thursday as investors sent the stock into free fall from the $15 IPO pricing.
