Australia's Zip tumbles on losing trademark infringement case

Zip Co

13/05/2026 02:31

** Shares of Zip Co ZIP.AX fall as much as 8.1% to A$8.1, post their largest intraday pct loss since April 9

** Buy-now-pay-later firm says Australian High Court has ruled against co in case relating to Firstmac Limited's trade mark infringement claim

** Says judgement requires co to cease using the "Zip" trademark in Australia

** Says co to rebrand Australian products and services, decision does not impact its U.S. and New Zealand businesses

** Stock down 27.2% YTD, including the day's moves

 (Reporting by Nikita Maria Jino in Bengaluru)

 ((Nikita.Jino@thomsonreuters.com;))