Vitaco climbs 19% in ASX debut, sees NZ manufacturing as central to business

Wed, 16 Sep 2015

By Paul McBeth Sept. 16 (BusinessDesk) - Vitaco Health Group, the food supplements business formed through the merger of Healtheries New Zealand and Nutra-Life & Fitness, debuted on the ASX after almost a decade under private equity ownership, with the shares climbing 19 percent. The stock opened at A$2.50, a premium to the A$2.10 price the shares were sold at in an initial public offering that raised A$231.6 million, and recently traded at A$2.42. Chief executive Ryan d'Almeida told BusinessDesk it was a "tremendous start" as a publicly...

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