My Food Bag IPO – What went wrong?

Sat, 20 Mar 2021

The My Food Bag IPO has been a massive disappointment and reflects poorly on our investment banking sector, the company’s board and NZX oversight.It is a major setback for the NZX as it endeavours to convince more companies to list on the domestic bourse, instead of going directly to the ASX.It also raises important questions about conflicts of interest, decision-making processes and who was representing the interests of the 6,000 retail investors who purchased My Food Bag shares through the IPO process.But it is too early to give up on M...

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