CORRECT: Evolve seeks up to $132.3 million in IPO to fund childcare acquisitions

Fri, 14 Nov 2014

(Removes incorrect reference to Affinity shareholder) By Suze Metherell Nov. 14 (BusinessDesk) - Evolve Education Group, which will be chaired by former Summerset Group boss Norah Barlow, is looking to raise $132.3 million of new capital in a dual listing on the ASX and NZX to fund its acquisition of childcare businesses. The Auckland-based business will issue 132.3 million new shares at $1 a piece, adding to the pre-existing 8.1 million shares and giving it an indicative market capitalisation of $177.1 million, according to the prospe...

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