Idan Ofer has played host in celebration of Zim’s successful initial public offering.

The move came ahead of the closing of a second offering on Thursday that saw key shareholders cash in.

Ofer hosted the IPO celebration at his residence on the seashore in Arsuf, near Tel Aviv, on Tuesday.

The shipowner, who is the Israeli container carrier's biggest shareholder, talked about the liner operator's fraught history and his involvement in past restructuring efforts.