Quote Originally Posted by Banksie View Post
Z Energy IPO prospectus

https://www.nzx.com/companies/IFT/announcements/238968
The few bits I have read so far:

New shares to be issued to repay shareholder loans of $400m
IFT/Superfund will sell down 50 or 60%. Will retain ownership through joint holding company so they will retain equal ownership (ie. one is not selling more than the other)
8.1%+ Gross yeild.

The yeild is a lot more than I was expecting so I might have to have a look under the covers a bit more.