UPDATE: ERoad shares climb as much as 13% in NZX debut after $46 million IPO

Fri, 15 Aug 2014

(Updates with share price movement, broker and CEO comment) By Suze Metherell Aug. 15 (BusinessDesk) - Shares of ERoad, the logistics and fleet management company, climbed as much as 13 percent on its first day of trading on the NZX as a cautious market looked for tech-exposure from companies with solid track records. The stock first traded at $3.32 and rose as high as $3.40 from its $3 offer price, the bottom of its indicative price range. It recently traded at $3.35, valuing the company at $201 million. Institutional investors picked...

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