DGL Group lists with $100m new capital

Trans-Tasman chemical company DGL Group went public on the NZX and ASX this morning after raising $100 million of growth capital.DGL issued 100 million new shares, at $1 each, in an oversubscribed initial public offer underwritten by Australian firms Bell Potter and Canaccord Genuity.The company, previously known as Dangerous Goods Logistics, was founded in 1999 by current chief executive Simon Henry who has retained majority ownership and now holds 57.3% of the company.“When I founded the business 22 years ago, I had the vision to addres...