Two floats to break lean spell on NZ sharemarket

Wednesday 4 February 2004

In a sharemarket starved for local share floats, suddenly two investment companies with the same speciality are planning near-simultaneous initial public offerings.

By The Landlord

Salvus Strategic Investments wants to raise $50 million in an IPO planned to open next Monday.

It would invest in small listed and unlisted New Zealand companies - just like Kingfish, the Fisher Funds Management spin-off that last week also announced plans to list.

Read More - Opens in a new window
Commenting is closed

Property News

Covid be damned – the market is booming

Those who were anticipating a Covid-prompted housing market collapse got it wrong with the latest REINZ data revealing strong growth in prices and sales.

Commercial

Augusta Capital takeover bid now unconditional

ASX-listed Centuria Capital has declared that its takeover of New Zealand property funds manager Augusta Capital is now unconditional, as it has secured nearly 66% of Augusta’s shares.

Mortgages

Borrowing boom in July – before second lockdown

Home lending soared to $6.5 billion in July during New Zealand's Covid-free period, reaching its highest level since November last year.

Site by PHP Developer