DGL Group lists with $100m new capital

DGL Group lists with $100m new capital
DGL chief executive Simon Henry (center) says the company will consider expansion into the US.
Dan Brunskill
Trans-Tasman chemical company DGL Group went public on the NZX and ASX this morning after raising $100 million of growth capital.DGL issued 100 million new shares, at $1 each, in an oversubscribed initial public offer underwritten by Australian firms Bell Potter and Canaccord Genuity.The company, previously known as Dangerous Goods Logistics, was founded in 1999 by current chief executive Simon Henry who has retained majority ownership and now holds 57.3% of the company.“When I founded the business 22 years ago, I had the vision to addres...

More Markets

Your mid-year investment health check
Markets

Simon Robertson: Your mid-year investment health check

What should you really be looking for from your fundie? 

Tourism Holdings stalls as NZ sharemarket ends week on high
Markets Market Close

Tourism Holdings stalls as NZ sharemarket ends week on high

The NZ sharemarket bounced back as large-cap stocks balanced gains and losses.

Tom Raynel 04 Jul 2025
Forsyth Barr shifts Turners Automotive to neutral
Markets

Forsyth Barr shifts Turners Automotive to neutral

The company has delivered five consecutive years of record earnings.

Rebecca Howard 04 Jul 2025
Vital board backs Tait takeover
Markets

Vital board backs Tait takeover

Vital’s board has unanimously recommended that shareholders and option holders accept a full takeover offer from Tait Communications, despite their view that it undervalues the company.In May, Vital shares rallied after it disclosed that Tait, a Christchurch-based critical commun...

Gregor Thompson 04 Jul 2025