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 LandlordSalvus 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.
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