NZ Rural Land Co’s $150m IPO a step closer

Fri, 16 Oct 2020

New Zealand investors will get the chance to buy into farmland if NZ Rural Land Company’s plans to join the NZX in December go ahead.The company plans to launch an initial public offering next month to raise between $75 million and $150 million to buy rural land, which it will then lease to farmers.The rural sector has struggled to find a circuit-breaker as banks dialled back the availability of credit a couple of years ago, putting a roadblock in front of new entrants and making it much harder for farming operations to expand.NZ Rural La...

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