5 Best IPO Stocks to Invest In Right Now

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1. ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Number of Hedge Fund Holders: 41

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) is an Israeli container shipment company.  The firm provides door to door and port to port services to a variety of entities such as consolidators, freight forwarders, and end users. It is headquartered in Haifa, Israel.

Taking stock of the current global energy crisis and the strong demand for liquefied natural gas (LNG), ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) signed a deal worth $1 billion with the energy giant Shell in August 2022 through which the company will ship LNG from Asia to North America from 2023. It also pays a strong dividend of $6.78 per share for a whopping 78% yield. ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)’s IPO was in January 2021, and its shares have grown in value by 186% since then. Since the IPO, the firm’s total dividend return stands at 340%.

By the end of this year’s June quarter, 41 out of the 895 hedge funds polled by Insider Monkey had bought ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)’s shares.

Out of these, Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital is ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)’s largest investor through a $177 million stake that comes via 3.7 million shares.

Disclosure: None. You can also take a look at 10 Crypto Companies Hit By the Recent Crash and Top 10 Technology Stocks to Buy According to Billionaire Cliff Asness.

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