Airwork looks for $40 mln Christmas present in latest IPO

Tue, 19 Nov 2013

By Paul McBeth Nov. 20 (BusinessDesk) - Aviation services firm Airwork Holdings wants as much as $40 million in the last float before Christmas, which it will put towards funding operations, buying back shares from controlling shareholder Hugh Jones and repaying debt. The Auckland-based company plans to sell about 15.4 million shares at $2.60 apiece in an initial public offering, and wants at least $30 million in what will likely be the last NZX listing of the year. That implies a market capitalisation of $130.6 million, putting it in the m...

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