Fliway Group seeks up to $44.5 million in first IPO of the year

Fri, 06 Mar 2015

By Fiona Rotherham March 6 (BusinessDesk) - Fliway Group, the independent transport and logistics provider, is seeking to raise between $27.3million and $44.5 million through the first initial public offering on the NZX this year. The prospectus to be registered this afternoon is expected to value the company at around $70 million to $75 million. The 18-year-old company is owned by Duncan Hawkesby, the son of former broadcaster John Hawkesby, and his wife Gretchen, who is the daughter of New Zealand’s richest man, Graeme Hart. The pair...

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