Powerhouse MD Hampson confident of raising A$10M minimum after extending offer

Tue, 20 Sep 2016

By Paul McBeth Sept. 20 (BusinessDesk) - Powerhouse Ventures managing director Stephen Hampson is confident the Christchurch-based technology incubator will raise the minimum A$10 million in an initial public offering after extending the closing date by a week. The offer opened on Aug. 17 and will now close on Sept. 23 having initially been scheduled to end on Sept. 15. Hampson said the extension was because brokers had asked for more time to "pull in the stragglers" on the retail side, while institutional investors sought some breathing...

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