Fliway to raise up to $50 mln in first NZ IPO of the year

Thu, 26 Feb 2015

By Paul McBeth Feb. 26 (BusinessDesk) - Fliway Group, the transport and logistics group, will seek up to $50 million in New Zealand's first initial public offering of the year, with a sale expected next month. The Auckland-based company, owned by managing director Duncan Hawkesby and his wife Gretchen, will sell shares to the public and institutional investors to raise between $30 million and $50 million, it said in a statement. The offer is being arranged by Forsyth Barr, the lead manager, and details are expected to be announced next mo...

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