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

Auckland sees highest sales since 2015

The SuperCity turned in its strongest housing sales performance in a July for five years last month, new data from Auckland’s biggest real estate agency reveals.

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

ANZ eases servicing test

ANZ has become the latest bank to ease its servicing test criteria for borrowers, reflecting the lower interest rate environment.

Site by PHP Developer