RESEND:IkeGPS Group, with shareholders including No 8 Ventures' Morel, plans $31M IPO

Tue, 10 Jun 2014

By Jonathan Underhill June 11 (BusinessDesk) - IkeGPS Group, which sells a range of portable measuring devices and counts Jenny Morel's No 8 Ventures among its shareholders, plans to raise up to $31 million in an initial public offering, listing on the NZX's main board to fund growth into the US market. The Wellington-based company would raise up to $25 million of new capital while existing shareholders would sell up to $6 million of stock, IkeGPS said in a statement. The offer is likely to be made later this month. Forsyth Barr and Deuts...

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