Pushpay shares surge as new investor buys cornerstone

Tue, 23 Mar 2021

Pushpay Holdings led New Zealand's share market higher after a new investor paid above market price to buy the Hulijch family’s stake in the church donation firm. The S&P/NZX 50 Index rose 65.25 points, or 0.5%, to 12,394.34. Within the index, 27 stocks fell, 19 rose and four unchanged. Turnover was $442.2 million, the bulk of which came from the Pushpay trade.Investors waved goodbye to early Pushpay backers, Peter and Christopher Huljich after they sold their holding to US-based investment firm Sixth Street Partners for $320...

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