NZX: Largest Equity Issue Year To Date – Pike River Lists Today

Pike River Coal Limited lists on the NZSX Market today, raising $85 million of capital, which includes $20 million of oversubscriptions.

NZX Markets Development Manager, Geoff Brown said, “The demand for the Pike River issue gives evidence of a strong appetite for this investment.

The issue increases the range of investment opportunities available for investors on the NZX markets and creates a much broader exposure to the New Zealand listed resource sector.”

Shares in Pike River Coal will be quoted on the NZSX Market under the security code PRC from 12pm today.