Evolve Education confirms IPO to raise up to $130 million

Mon, 10 Nov 2014

By Fiona Rotherham Nov. 10 (BusinessDesk) - Evolve Education Group, which is looking to buy several childcare businesses, has confirmed a planned an initial public offer in a dual listing on the NZX and ASX to fund a series of acquisitions in early childhood education. The amount of money being sought has not yet been released but it’s understood to be around $130 million. A prospectus will be registered for the offer on Thursday. The group said in a statement today that the offer, understood to be for around 75 percent of the rolled up b...

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