Will Vulcan IPO be forged in fire or ice?

Will Vulcan IPO be forged in fire or ice?
Vulcan Steel was founded by Peter Wells in Auckland in 1995 as a steel distribution business. (Image: Supplied)
Brian Gaynor
The initial public offering of Auckland-based Vulcan Steel should be assessed from an Australian perspective because the Australian Stock Exchange will be its primary exchange.However, it will also list on the New Zealand exchange as a foreign exempt issuer. This means the NZ company will be fully compliant with ASX Listing Rules and will be exempt from the vast majority of NZX Listing Rules, including continuous disclosure requirements and shareholder approval of share issuances.This is the same ASX/NZX foreign exempt issuer structure that aff...

More Opinion

On valuations, models and moving targets
Opinion

Simon Robertson: On valuations, models and moving targets

My future and ‘forward-looking’ valuations are a combination of many things.

Simon Robertson 26 Apr 2025
Google monopoly breach evens media playing field
Opinion

Jane Ormsby: Google monopoly breach evens media playing field

Optimism remains in getting transparency and increased regulation for the industry.

Jane Ormsby 24 Apr 2025
Tricks of the traders revealed
Opinion

David Chaplin: Tricks of the traders revealed

The UK regulator probably has more power to enforce trading app trickery than in NZ.

David Chaplin 23 Apr 2025
LanzaTech is in a fight for its life
Opinion Opinion

Peter Griffin: LanzaTech is in a fight for its life

LanzaTech’s fight for survival is a cautionary tale.

Peter Griffin 23 Apr 2025