SLI Systems soars on debut as New Zealand market experiences resurgence

Fri, 31 May 2013

By Tina Morrison May 31 (BusinessDesk) – Shares in SLI Systems, a website search operator, rose as much as 20 percent after listing on the NZX this morning, joining a slew of New Zealand companies going public in the face of resurgent demand for the returns available from equities. SLI, which provides online retailers with search tools, rose to NZ$1.80 on listing at 10.30 am, 30 cents above their $1.50 offer price. The stock recently traded at $1.75. The company raised $27 million in its initial public offering, $15 million of which will be i...

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