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

Underwriters left with $161m of Ryman stock after tepid retail interest
Ryman successfully raised $1 billion from investors. (Image: Michael Craig)
Gregor Thompson
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...

More Property

'Still tough out there' despite Govt announcements
Infrastructure

'Still tough out there' despite Govt announcements

A rush of construction spending will take a while to have an effect, sector says.

Winton legal action costs Kāinga Ora $10m
Property

Winton legal action costs Kāinga Ora $10m

Developer alleged the housing agency acted anti-competitively in turning down Sunfield.

Maria Slade 23 Sep 2025
Cloudfunding: what next for Auckland events centre
Policy

Cloudfunding: what next for Auckland events centre

The Crown offered to sell The Cloud for $1, BusinessDesk understands.

Oliver Lewis 19 Sep 2025
First residential housing fast-track consent granted
Policy

First residential housing fast-track consent granted

The Maitahi Village project in Nelson will supply about 374 residential units.

Gregor Thompson 18 Sep 2025