CORRECT: Gentrack IPO priced at $2.40, raising $36 mln of new capital

Fri, 06 Jun 2014

(Fixes listing date in 7th graph) By Paul McBeth June 6 (BusinessDesk) - Gentrack Group, which develops utilities and airports software, will sell its shares at $2.40 in this month's initial public offer, raising $36 million of new capital, and letting its owners sell down their holdings. The company will sell 15 million new shares and the existing owners will sell 26.3 million for a total offer of $99.1 million after the price was set in a bookbuild process for institutional investors and participating brokers, Auckland-based Gentrack...

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