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NZ Rugby offers to hear Forbar’s IPO pitch

Staff reporters
Tue, 18 May 2021

Staff reporters
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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