Zip Co Ltd. ( (AU:ZIP) ) has issued an update.
Zip Co Limited plans to apply for special leave to appeal a Federal Court decision regarding a trademark infringement claim by Firstmac Limited in Australia. Despite the court ruling in favor of Firstmac, Zip’s operations in Australia remain unaffected, and the proceedings do not impact its operations in the US or New Zealand. The outcome of this appeal could influence Zip’s legal standing and operational strategy in its core markets.
More about Zip Co Ltd.
Zip Co Limited is a digital financial services company founded in Australia in 2013. It operates in Australia, New Zealand, and the United States, offering innovative point-of-sale credit and digital payment services. Zip connects millions of customers with a global network of tens of thousands of merchants, providing fair, flexible, and transparent payment options to help customers manage their financial future and support merchants in growing their businesses.
YTD Price Performance: -45.61%
Average Trading Volume: 18,337,242
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$2.1B
Learn more about ZIP stock on TipRanks’ Stock Analysis page.