Wynyard Group falls 4.3 percent in NZX debut, stays just inside indicative range

Thu, 18 Jul 2013

By Paul McBeth July 19 (BusinessDesk) - Wynyard Group, the local spy software developer, fell 4.3 percent in its NZX debt, having listed at the $1.15 offer price. The shares recently traded at $1.10, valuing the company at $112.8 million, with about 370,000 shares changing hands on turnover of some $425,000. That’s just inside the indicative range of between $1.10 and $1.65 in the firm’s prospectus. The Auckland-based company raised $65 million in an initial public offer, and more than 60 percent of the offer shares were allocated to Austr...

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