Eroad aims at NZX listing by mid-August
The company would seek to raise $40 million in new capital to accelerate its growth strategy
- 30 June, 2014 14:54
Transport technology and services provider Eroad's directors are considering an initial public offering (IPO) and a listing on the NZX Main Board.
The company would seek to raise $40 million in new capital to accelerate its growth strategy, with specific focus on its electronic solution that helps firms manage and pay road user charges and supports regulatory compliance.
A prospectus for the IPO is to be made available in mid July, and the Auckland-based firm expects shares to be on the NZX Main Board by mid-August.
The lead manager for the offer is First NZ Capital and Deutsche Craigs is the co-manager. Preliminary indications of interest can be made by contacting either of them.