From Rakon's home page...

http://www.rakon.com/whatsnew/displa...&template=news

PRESS RELEASE: RAKON LIMITED: 11:30AM 24TH MARCH 2006.

Rakon Limited has confirmed that it intends to make an initial public offering of shares and listing on the NZSX.

The share offer will comprise a sell down by Ahuareka Trustee Limited (as trustee of the Ahuareka Trust representing Warren Robinson and Robinson Family interests) of 35% of the company and the issue of new shares to raise $10 million. The proceeds from the issue of new shares will be used to expand production capacity and for the development of new products.

The offer will be targeted to institutional investors in New Zealand, Australia and elsewhere, and retail investors who will principally be clients of leading brokers in New Zealand.