Tegel looks to raise up to $344.4M in New Zealand's first IPO for the year

Thu, 31 Mar 2016

By Paul McBeth April 1 (BusinessDesk) - Tegel Group Holdings, the poultry group controlled by private equity firm Affinity Equity Partners, wants to raise as much as $344.4 million in New Zealand's first initial public offering of the year for the NZX mainboard. The Auckland-based company plans to sell between 137.5 million and 192.4 million shares at $1.50-to-$2.50 apiece, according to its product disclosure statement. The gross proceeds of the IPO would raise between $299.1 million and $344.4 million, of which $131.9 million will be se...

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