SLI Systems to sell shares at $1.50 apiece in bid for long-term growth in Japan, Brazil

Mon, 06 May 2013

By Paul McBeth May 7 (BusinessDesk) - SLI Systems, a Christchurch-based developer of website search software, plans to sell its shares at $1.50 in a listing on the NZX at the end of the month to fund its long-term growth aspirations in Japan and Brazil. The company plans to raise $15 million in an initial public offer and a further $12 million from existing shareholders as it prepares to list on May 31, and has lodged its prospectus with the Companies Office. Those funds will be used to pay for new sales and marketing staff in existing marke...

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