New Zealand King Salmon Moves Forward with IPO; Market Capitalization Valued at $154 Million
SEAFOODNEWS.COM [SeafoodNews] - September 23, 2016
New Zealand King Salmon officials submitted the paperwork needed for an initial public offering. The farmed king salmon producer is seeking a market capilitzation worth $154.5 million if fully subscribed.
The company will list its share price at $1.12 and is seeking $30.0 million in new capital to repay debt, to fund future investment and for working capital.
As part of the IPO, existing investor Direct Capital is selling up to $45.0 million of shares in the Offer...
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