Australia's Zip tumbles on losing trademark infringement case

ReutersMay 13, 2026 1:31 AM

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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

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