UPDATES: Fliway IPO priced at $1.20/share, raising $34 million, people say

Wed, 18 Mar 2015

(Adds details throughout) By Suze Metherell March 18 (BusinessDesk) - Fliway Group, the transport and logistics company, has been priced at $1.20 a share in the bookbuild for its $34 million initial public offering, the bottom end of the indicative range, people say. Existing shareholders Duncan and Gretchen Hawkesby will retain 54 percent of the South Auckland-based company, market participants told BusinessDesk. The couple planned to retain 30 percent to 50 percent of the company after the IPO, according to the prospectus lodged with...

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