King Salmon to sell shares at $1.12 apiece in IPO, raising $77.5 mln

Thu, 22 Sep 2016

By Paul McBeth Sept. 23 (BusinessDesk) - New Zealand King Salmon plans to sell shares at $1.12 in an initial public offering, giving one of its cornerstone shareholders an exit from the Marlborough Sounds fish-farmer and raising $30 million of new capital. The Nelson-based company wants to raise up to $77.5 million selling as many as 69.2 million shares in an IPO, listing on the NZX and ASX next month. Of the funds raised, up to $45 million would go to Direct Capital, letting the private equity firm exit its shareholding, and $2.5 millio...

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