NZ seafood to become more investable with King Salmon IPO targeting Asia, US growth

Thu, 01 Sep 2016

By Sophie Boot Sept. 2 (BusinessDesk) - New Zealand King Salmon's planned initial public offering will give investors another way to gain exposure to the nation's under-represented seafood sector as the Marlborough Sounds fish-farmer raises funds to build more farms and lift sales to Asia and the US. New Zealand's exports of fish, crustaceans and molluscs were worth $1.58 billion in the year ended July 31, amounting to about 3.2 percent of total exports, but the combined market value of existing listed seafood and fish product companies S...

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