NZ Rural Land lists, may come back for 2021 - Rob Campbell
21 Dec, 2020 04:56 AM
4 minutes to read
New Zealand Rural Land Co (NZRLC) chairman Rob Campbell says the newly-formed property investor plans to raise more capital early next year after just managing to get its initial public offering (IPO) over the line.
NZRLC listed on the NZX today after its fundraising came in at the bottom end of $75 million to $150 million target range, helped along by a last-minute $750,000 injection from Allied Farmers.
The stock - which was to have debuted on last Friday - listed at $1.31, a small premium to its $1.25 issue price.