NZ Rugby offers to hear Forbar’s IPO pitch

Tue, 18 May 2021

New Zealand Rugby is willing to hear the elevator pitch for an initial public offering of 5% of its commercial interests, which Forsyth Barr says is a compelling investment proposition.The NZ Rugby Players’ Association hired the investment house for advice on a potential float of 5% of NZ Rugby’s commercial operations as an alternative way to raise capital other than the 12.5% private equity stake approved by the provincial unions.The national union wrote to the players’ association and Forsyth Barr yesterday inviting them to...

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