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.

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