ERoad may raise $40 mln in IPO, seek NZX listing

Mon, 30 Jun 2014

June 30 (BusinessDesk) - ERoad, whose products allow transport companies to manage and pay road user charges and keep track pof their fleet, is planning to raise some $40 million in new capital via an initial public offering before seeking to list on the NZX. The Auckland-based company expects to release a prospectus in mid-July and list on the NZX main board in mid-August, it said in a statement. The company will use the funds " ERoad joins a swag of companies coming to market in one of the busiest periods for years in IPOs throug...

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