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Snakk will list on the NZAX on March 6 in a compliance listing
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Member
They said no prospectus will be released
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Is Tim Alpe the son of Chris Alpe, ex Helicopter Line/Tourism Holdings?
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Originally Posted by Balance
Is Tim Alpe the son of Chris Alpe, ex Helicopter Line/Tourism Holdings?
yes. They sold off 'Maui camper vans' then after restraint of trade was up, set up jucy, targeting the bottom end of the market where they probably foresaw all the growth would be.
They have done well to build a brand quickly, in an area that lots have copied.
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Originally Posted by Brighton_Early
Snakk is nothing like Diligent. Smart of Phil Norman to jump ship. This will be the next Hyperfactory. Buyer beware!!!
??? Wasn't hyper factory a success?
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Member
Anyone know the marketcap of Snakk and any other IPO details?
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Originally Posted by turmeric
Excuse my ignorancebut I am new to IPO's. Can someone explain to me how investors can get in on this, or where I can find the relevant information? Thanks in advance.
This is different from your standard IPO
There is no prospectus, there is no initial offer.
On March 6th you will be able to buy/sell Snakk shares on the market at a price the market determines.
Snakk already has 2400 odd share holders, but is not currently traded on the market.
Last edited by lowrolling; 27-02-2013 at 03:38 PM.
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Originally Posted by lowrolling
This is different from your standard IPO
There is no prospectus, there is no initial offer.
On March 6th you will be able to buy/sell Snakk shares on the market at a price the market determines.
Not an IPO as they are doing a back door entry into the NZAX through an existing listed shell company.
However, I though they were going to do a small placement $8m (??) so you may be able to get in on that. Otherwise, you can buy on market.
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Member
Originally Posted by CJ
Not an IPO as they are doing a back door entry into the NZAX through an existing listed shell company.
However, I though they were going to do a small placement $8m (??) so you may be able to get in on that. Otherwise, you can buy on market.
Yes, shortly (a couple of weeks) after listing they will do a share purchase plan to raise funds.
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Like Sparky, I'll stay out at the start as I have enought spec stocks.
Once it lists I will have a better look and may sway one of my spec stocks for it but I think I will want to see some moment first (ie. DIL sales growth or XRO customer growth)
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