Vulcan steels itself for $1b dual listing

Brent Melville
Thu, 29 Jul 2021

Vulcan steels itself for $1b dual listing
Prosperous: Vulcan is aiming for dual listing within months (Image: Supplied)
Brent Melville
Thu, 29 Jul 2021
East Tamaki based metal products distributor Vulcan is kicking off the New Zealand leg of its institutional roadshow this week after pitching a A$1 billion initial public offering to Australian fund managers last week.An industry insider said the company has mandated UBS and Credit Suisse to assist on an IPO and listings on both the ASX and NZX.He said the “investor education” meetings were at an informal, confidential stage with a formal offer expected in the coming months on the strength of a profitable track record and its &ldquo...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

The Economist
NATO holds its most important summit in generations
The Economist | Mon, 27 Jun 2022

Jacinda Ardern becomes the first NZ prime minister to attend a NATO summit, this week in Madrid. The meeting marks a crucial moment in the alliance's approach to both Russia and China, says The Economist.

The $200m question: funding free public transport in Auckland
Oliver Lewis | Mon, 27 Jun 2022

A new report outlines four possible solutions to a $200m question.

China’s Economy Improves in June From Lockdown-Induced Slump
Bloomberg | Mon, 27 Jun 2022

Relaxation of covid restrictions helped revive China's economy in June, but the housing sector remains sluggish, metal prices are down and consumers are wary about venturing out to shop.

Investments to sustain the momentum of building in NZ

Classic Capital has opened its Land & Build fund to qualified wholesale and eligible investors.

High water marks: Watercare raises the tide on sustainability

The No.1 barrier to decarbonisation for NZ organisations is accurate measurement, says Microsoft’s Accelerating the Journey to Net Zero report.