https://www.scoop.co.nz/stories/BU2012/S00152/radius-care-applies-to-list-on-nzx.htm
https://www.nzx.com/announcements/364583
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https://www.scoop.co.nz/stories/BU2012/S00152/radius-care-applies-to-list-on-nzx.htm
https://www.nzx.com/announcements/364583
expect some funds to sold in other retirement stocks to buy some of this
With no new shares issued at IPO it looks more like an exit vehicle for insiders. If they’re not selling there’ll be no liquidity. Hard to see how they can be excited about new opportunities with no new capital.
Somethings not right with this, my bs senses are on overload
isnt it a bit odd having no new securities offered to the public on a new listing. ???
With the current NZX rules a two-stage listing makes sense in relation to costs: 1st a clean and tidy compliance listing (no need for a back-door listing with the extra costs and complications that brings - TIL/Bethunes as an example) and 2nd, some months after listing, a fundraising offer with the market having by then established a price range.
If I'm right Radius Care is setting a pattern that we will see repeated by others in future.
It's official. Ticker RAD.
https://www.nzx.com/announcements/364583