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...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Law & Regulation
Juice magnate Lepionka sues lawyers for 'negligent' advice
Greg Hurrell | Tue, 05 Jul 2022

Businessman Stefan Lepionka's negligence case against Gibson Sheat will be split in two, with the law firm's countersuit to be heard first, the high court has ruled.

Property
George Kerr's Pyne Gould receivership continues
Victoria Young | Tue, 05 Jul 2022

Court action continues in the UK, while receivers have already clawed back $8m for the BNZ by selling South Island land.

Opinion
Don’t cut off Māori landowners’ forest options
Te Kapunga Dewes | Tue, 05 Jul 2022

Well-intentioned academic and environmental critics of exotic forest planting are standing in the way of one of the few economic opportunities available for the use of marginal Māori land.

Sponsored
How can Kiwi small business owners manage rising inflation?

Xero MD Craig Hudson says small businesses have been hit with a triple whammy.

Sponsored
Digital innovation could shape the future of NZ

The digital age allows us to collaborate on some of our greatest scientific and environmental challenges