Meridian IPO inducements may attract retail investors spooked by MightyRiverPower selloff

Tue, 20 Aug 2013

By Paul McBeth Aug. 20 (BusinessDesk) – Government inducements to buy into Meridian Energy’s float via two payments and a price cap for retail investors are likely to attract kiwis spooked by the dismal market performance of MightyRiverPower, brokers and fund managers say. Prime Minister John Key, flanked by Finance Minister Bill English and SOE Minister Tony Ryall, today announced plans to sell Meridian in two instalment receipts, with investors paying 60 percent up front and the remainder 18 months later, after receiving dividend payments...

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