Lance Wiggs's Punakaiki Fund mulls $50 million IPO to invest in high-growth companies

Fri, 24 May 2013

By Tina Morrison May 24 (BusinessDesk) – Punakaiki Fund plans to seek as much as $50 million in an initial public offering to invest in New Zealand internet, technology and design companies with high growth potential. Punakaiki expects to offer $20 million to $50 million of shares in the fund from about late June, the fund said in a statement. The fund would be managed by Lance Wiggs Capital Management, which is 66.7 percent owned by Lance Wiggs and 33.3 percent owned by Chris Humphreys. Money raised from the offer would be invested in New Z...

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