Infratil opens $100m retail offering after overbid placement

Infratil CEO Jason Boyes. (Image: NZME)

Tue, 13 Jun 2023

Infratil has opened its $100 million retail offering for existing investors following a $750m placement that attracted bids well above what was on offer. The infrastructure investor’s eligible shareholders can buy up to $80,000 of shares at $9.20 each – roughly 8,966 shares – and Infratil may accept oversubscriptions or scale the offering at its discretion. The shares closed at $9.86 on Monday and have gained 27.2% over the past 12 months.The company said an eligible investor needs to subscribe for 127 shares for every 1,...

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