Wynyard seeks up to $70M in NZX listing to buy IP from Jade, fund growth

Thu, 06 Jun 2013

By Paul McBeth June 6 (BusinessDesk) - Wynayrd Group, the security software maker spun off from Jade Software, wants to raise up to $70 million in a listing on the stock exchange next month to take control of its intellectual property and fund its growth aspirations. The Auckland-based company plans to raise between $60 million and $65 million in a public offer with over-subscriptions of up to $5 million at an indicative price of between $1.10 and $1.65, according to its prospectus filed with the Companies Office today. Jade Software will a...

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