Oceania Healthcare to list on NZX, ASX after $200mn IPO

Thu, 30 Mar 2017

By Sophie Boot March 31 (BusinessDesk) - Retirement village operator Oceania Healthcare is planning to raise $200 million in a much-anticipated initial public offering in order to cut its debt and potentially buy new development sites, and will list on the NZX and ASX. In a statement, the company said it will issue up to 263.2 million new shares, with an indicative price range of 76 cents to $1.04 apiece, valuing the company at between $472 million and $571 million. "Proceeds from this offer will assist Oceania Healthcare by providing...

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