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Biggest NZX listing since 2014: Can My Food Bag deliver?

Biggest NZX listing since 2014: Can My Food Bag deliver?
22 Feb, 2021 04:00 PM
6 minutes to read
My Food Bag chairman Tony Carter (left) and chief executive Kevin Bowler. Photo / Supplied
Aimee Shaw is a business reporter focusing on retail, small businessaimee.shaw@nzherald.co.nz@AceeyShaw
My Food Bag's initial public offer is set to usher in the biggest NZX-listing since Genesis Energy went public in 2014.
The meal kit company will list on the NZX and ASX on March 5,
pending the sale of up to 185 million shares in an IPO that values it at just under $450 million.
The shares have been priced at $1.85 each with most of the $342m proceeds going to existing shareholders selling down their holdings. Only $55m will go to the company, of which $38.2m will repay bank debt and $16.7m will fund the IPO costs.

Australia , New-zealand , Australian , Chris-wilkinson , Genesis-energy , Investment-services-group , Food-bag , Kevin-bowler , Milford-asset-management , Harbour-asset-management , Devon-funds-management , Biggest