Unlisted celebrates first $1 bln issue as Zespri resumes trading after 2018 Gold3 tender

Thu, 19 Apr 2018

By Jonathan Underhill April 19 (BusinessDesk) - Zespri Group's shares rose to a record when they resumed trading, after being halted for the 2018 allocation of Gold3 kiwifruit licences, pushing the kiwifruit exporter's market capitalisation to $1.1 billion and making it the first $1 billion company on the Unlisted platform. Some 16,860 Zespri shares traded today, of which 2,440 changes hands at a record $8.35. The shares first traded at $1.75 after Zespri listed on the Unlisted Securities Exchange in February 2016. This week, Zespri sa...

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