Fund managers left hungry for My Food Bag shares

Fund managers left hungry for My Food Bag shares
Dan Brunskill
The institutional bookbuild for My Food Bag’s initial public offer has received strong support from fund managers jostling for space on the share register, BusinessDesk understands.A source familiar with the process said it had been going “incredibly well” for the meal-kit company with a “massive amount of support” from fund managers.My Food Bag began meeting with potential cornerstone investors before last Christmas, having touted the idea of listing since 2018.The five co-founders have all stepped down from the b...

More Markets

NZ sharemarket rises ahead of interest rate decision
Markets Market close

NZ sharemarket rises ahead of interest rate decision

The S&P/NZX 50 Index closed at 12,765.24, up 28.18 points or 0.22%.

IkeGPS revenue shows sparks for subscriptions play
Markets

IkeGPS revenue shows sparks for subscriptions play

Despite a $7m net loss, subscription revenue grew 28%.

Ben Moore 12:00pm
My Food Bag profitability up, customer numbers dip
Retail

My Food Bag profitability up, customer numbers dip

Company expects market conditions to remain challenging in the second half.

Aft takes $6.5m hit on doctor strike and destocking
Markets

Aft takes $6.5m hit on doctor strike and destocking

Income in international markets affected by two events.