Will Vulcan IPO be forged in fire or ice?

Will Vulcan IPO be forged in fire or ice?
Vulcan Steel was founded by Peter Wells in Auckland in 1995 as a steel distribution business. (Image: Supplied)
Brian Gaynor
The initial public offering of Auckland-based Vulcan Steel should be assessed from an Australian perspective because the Australian Stock Exchange will be its primary exchange.However, it will also list on the New Zealand exchange as a foreign exempt issuer. This means the NZ company will be fully compliant with ASX Listing Rules and will be exempt from the vast majority of NZX Listing Rules, including continuous disclosure requirements and shareholder approval of share issuances.This is the same ASX/NZX foreign exempt issuer structure that aff...

More Opinion

When the taxman takes to Facebook
Opinion

Peter Griffin: When the taxman takes to Facebook

Fines for breaches may be small, but reputational damage can potentially be great.

What is the point of the banking inquiry?
Finance

Pattrick Smellie: What is the point of the banking inquiry?

A perfunctory, time-limited and unfocused performance so far.

Pattrick Smellie 06 Nov 2024
The trans-Tasman fund trade balancing act
Opinion

David Chaplin: The trans-Tasman fund trade balancing act

The odds for a repeat in the 2024/25 reporting period are tipping across the Tasman.

David Chaplin 06 Nov 2024
Dark global economic headwinds loom
Opinion

Charles Finny: Dark global economic headwinds loom

NZ’s challenge will be to keep doors open in Washington post-election.

Charles Finny 05 Nov 2024