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Originally Posted by peat
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.
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