Underwriters left with $161m of Ryman stock after tepid retail interest

Ryman successfully raised $1 billion from investors. (Image: Michael Craig)

Thu, 13 Mar 2025

The underwriters of Ryman Healthcare’s capital raise have been left holding approximately $161 million of shares after retail investors showed tepid interest. The retirement village and aged care company told the New Zealand Exchange (NZX) on Thursday that it had secured $1 billion through the equity raise, which it tapped investors for on Feb 24. With $721m taken up in the placement and institutional entitlement offer, retail investors had approximately $280m left to snap up. The company said on Thursday that eligible reta...

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