Lockdown finishes off Fabric IPO

Fabric is buying a $200m property in Newmarket, Auckland which will be completed in February 2023. (Photo: Supplied)

Tue, 21 Sep 2021

Five weeks in lockdown was enough to scare Stride Property off its $250 million office property listing plan, withdrawing the offer just hours before the bookbuild was set to begin.Chair Tim Storey told BusinessDesk overall market sentiment, both here and overseas, wasn’t conducive to an IPO.Stride had planned to carve out 10 of its office buildings into a new standalone entity that was to list on the NZX next month, raising at least $250 million to fund the acquisition of 110 Carlton Gore Rd.Goldman Sachs NZ was set to run a bookbuild pr...

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Markets Market close

NZ sharemarket celebrates highest single-day rise in over five months

Graham Skellern 6:15pm

Politics

Media react to Melissa Lee sacking

The sector is keen to work with new minister Paul Goldsmith amid its financial crisis.

Daniel Dunkley 5:10pm

Politics

Govt reshuffle: Lee demoted, Simmonds loses portfolio

Melissa Lee has been stripped of her media and communications portfolio and dropped from the cabinet, prime minister Christopher Luxon announced today.He has given Paul Goldsmith the portfolio after Lee was widely criticised over her public handling of the numerous issues facing...

Staff reporters 1:20pm