Sharesies still hungry for capital - worth almost $150m

Sharesies still hungry for capital - worth almost $150m
Dan Brunskill
Sharesies looks set to pull in $25 million of new capital valuing the online investment platform at almost $150 million, six-times what it was worth two years ago.Documents filed to the Companies Office today show Sharesies directors last week agreed to issue 490,830 new shares at $50.93 each, giving it an implied value of about $147 million after the new capital is raised.The details of the deal, including who was buying the 17 percent stake, will be announced tomorrow, chief executive Brooke Roberts, who owns 8 percent of the company, told Bu...

More Markets

Tiwai Point's future secured
Markets

Tiwai Point's future secured

The smelter has signed 20-year electricity arrangements with three energy companies.

Synlait goes 'conservative' with new season's milk price
Primary Sector

Synlait goes 'conservative' with new season's milk price

The company is facing material uncertainty over its high debt levels.

The Swiss concrete exec atop Fletcher Building
Markets

The Swiss concrete exec atop Fletcher Building

Nick Traber did 18 years with Swiss giant Holcim. Now he's leading Fletcher.

NZ sharemarket falls 1% to near-low for year
Markets Market close

NZ sharemarket falls 1% to near-low for year

The index closed at 11,557.21, down 121.46 points or 1.04%.

Graham Skellern 30 May 2024