Moa IPO hits 'moment of manhood' after reaching $16M limit

Fri, 02 Nov 2012

By Paul McBeth Nov. 2 (BusinessDesk) - Moa Group, the boutique beer maker in the first initial public offer of the year, has closed its public pool early after reaching its $16 million capital raising target, effectively thumbing its nose at naysayers who sneered at the racy photos and advertising in the investment statement. The company raised $15 million from institutional investors and clients of NZX firms, plus an extra $1 million from the public pool at a $1.25 apiece, it said in a statement. Investors who didn't pre-register by 5pm tod...

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