Perpetual Guardian eyes $150 mln IPO by year-end

Tue, 02 Aug 2016

By Paul McBeth Aug. 2 (BusinessDesk) - Perpetual Guardian, which embarked on a series of acquisitions over the past three years, plans to list its shares publicly by the end of 2016 in a $150 million initial public offering. The Auckland-based financial services supervision firm said it plans to list in New Zealand and Australia, raising up to $150 million. It provided no details on what the funds raised would be used for. "The market is in good health, investors are hungry for new listings and we expect plenty of interest in a qualit...

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