UPDATED: Scales shares edge lower on NZX debut raising $30M of new capital to repay debt

Fri, 25 Jul 2014

(Updates with price movements, company and investor comments) By Suze Metherell July 25 (BusinessDesk) - Shares in Scales Corp slipped 0.6 percent in early trading on their NZX debut as the fruit and vegetables logistics company's raised $30 million of new capital to reduce debt. The shares recently traded at $1.59, having first traded at $1.61, largely flat compared to the $1.60 IPO price. Some 2 million shares of the company's 139.8 million shares on issue changed hands. Private equity firm Direct Capital sold into the $148 million o...

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