Infratil's share offer to retailers looks fair

Infratil's share offer to retailers looks fair
There's money in datacentres. (Image: Infratil)
Ian Llewellyn
Infratil’s share offer to retail investors looks fairly designed and offers a good opportunity, a Forsyth Barr analyst says.Infratil is seeking $150 million from its existing retail shareholders, with the possibility of oversubscription.It follows a successful $1 billion capital raise from institutional investors with the shares sold at $10.15 per share, a discount of 6.8% to the last price before the offer of $10.89 on June 14.The share price closed at $10.64 on Friday, Forbarr analyst Aaron Ibbotson said the offer looked to be a go...

More Markets

NZ sharemarket flat, on track for monthly return of over 5%
Markets Market close

NZ sharemarket flat, on track for monthly return of over 5%

The S&P/NZX 50 Index closed at 12,329.44, up 37.41 points or 0.3%.

'Show of faith': Santana Minerals achieves NZX listing
Markets

'Show of faith': Santana Minerals achieves NZX listing

The gold mining company is the second new listing on the NZX since 2023.

Global shares dip as 'Trump trade' undermines assets
Markets Market wrap

Global shares dip as 'Trump trade' undermines assets

World stocks have fallen slightly.

AAP 7:40am
Retirement sector struggling to keep lid on debt
Markets

Retirement sector struggling to keep lid on debt

Jarden estimates debt at the five large operators has risen fivefold since 2017.