No public pool in SLI Systems float after share offer overbid

Tue, 07 May 2013

By Paul McBeth May 7 (BusinessDesk) - Local retail investors won’t get a chance to buy into the NZX float of website software developer SLI Systems after the share offer was overbid by almost two-and-a-half times in the bookbuild by institutions. The Christchurch-based company plans to raise $15 million in an initial public offer at $1.50 apiece and a further $12 million from existing shareholders as it prepares to list on May 31, and has lodged its prospectus with the Companies Office. Chief financial officer Rod Garrett told a media bri...

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