Salus may be first NZ IPO in 2018, raising up to $35M ahead of dual-listing to repay debt and grow

Mon, 30 Apr 2018

By Jonathan Underhill April 30 (BusinessDesk) - Salus Aviation Group, one of the largest general aviation companies in the fragmented Australasian market, plans to go public next month, raising up to $35 million ahead of a dual listing on the ASX and NZX. The Auckland-based company, which counts Bancorp Wealth Management as its largest shareholder, is aiming to list in late June after selling about half the company to the public. It will be the first time Bancorp, a merchant and investment banking group, has brought its own business to ma...

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