Winton delivers early Christmas present to NZX in $350m IPO

Winton delivers early Christmas present to NZX in $350m IPO
Winton is targeting high-end retirement village developments. (Image: Supplied)
Paul McBeth
Winton Property is pressing ahead with plans to raise as much as $350 million in an initial public offering that will get in just before the Christmas break.The residential property developer settled on a dual-listing on the NZX and ASX to help fund its expansion of high-end retirement villages and has secured a $200m commitment from Macquarie Asset Management. It has another $100m from high net worth investors and will invite institutional investors to bid for the remainder.Winton plans to sell between 64.3 million and 90 million new shar...

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