Eroad to raise up to $50m as it lists on ASX

Eroad to raise up to $50m as it lists on ASX
Dan Brunskill
Eroad is raising $50 million of new capital to accelerate its growth strategies, with the sale timed to coincide with a foreign exempt listing on the ASX.   Australian brokers Bell Potter Securities and Canaccord Genuity have underwritten a $42 million share placement and will manage an $8 million share purchase plan for existing investors. Trading in the shares is halted for the placement bookbuild. Shares will be offered at $3.90, a 10.3 percent discount to Monday’s closing price of $4.35 and a 9 percent discount to the 10-day volume-we...

More Markets

NZ sharemarket rises with gentailers leading
Markets Market close

NZ sharemarket rises with gentailers leading

Electricity gentailers pumped energy into the NZX.

Tom Raynel 09 May 2025
Steven Joyce to chair NZME
Markets

Steven Joyce to chair NZME

Tech expert Bowen Pan will also join, later on. 

Staff reporters 09 May 2025
NZME set to take on Trade Me for car sales
Markets

NZME set to take on Trade Me for car sales

Publicly listed NZME, owner of the NZ Herald and BusinessDesk, says it is exploring a new automotive digital classifieds platform, in a clear bid to take on Trade Me.Seeking to emulate the success of its property platform OneRoof, NZME said on Friday it had signed a memorandum of...

Staff reporters 09 May 2025
Bremworth getting back into synthetics
Primary Sector

Bremworth getting back into synthetics

Albeit in a small, but carefully curated, number of products.

Riley Kennedy 09 May 2025