NZX raises $16m at 3% discount

Mon, 21 Feb 2022

NZX has raised $16 million from fund managers with the new shares sold at a clearing price of $1.62, or a 3.1% discount to its previous market price.The stock market operator is aiming to raise a total of $44m to fund its joint acquisition of Global Dairy Trade and restock its cash holdings after shelling out $25 million for ASB Superannuation Master Trust.Today, it raised a third of that money in an institutional entitlement offer with existing fund managers taking up 68% of their entitlements.The 3.6 million unclaimed shares were then sold in...

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