Airwork, last listing of 2013, gains 5 percent in NZX debut after IPO raises $37.5M

Wed, 18 Dec 2013

Dec. 19 (BusinessDesk) - Airwork Holdings rose 5 percent in its NZX debut after the aviation services specialist raised $37.5 million in an initial public offering. The shares first traded at $2.73, valuing the company at $137 million, having been sold via a broker and institutional firm offer at $2.60 apiece. No shares were offered direct to the public. The company issued 14.4 million shares through the IPO bringing the total on issue to 50.2 million Interests associated with majority shareholder Hugh Jones hold 61 percent of Airwork after...

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