Delegat's Group Limited is a leading producer of super premium branded New Zealand wines for export and domestic markets.
The listing follows a decision by Delegat’s to issue new shares in the company by way of an initial public offer (IPO). The IPO raised $45 million and 32 million new shares were issued.
“Delegat’s listing of equity means New Zealand investors now have an opportunity to buy a stake in one of the country’s most successful family companies” said Head of Products, Geoff Brown. “It is extremely positive to see a reputable company like Delegat’s join the capital market. It is positive for the company, the market and the country.”
“The oversubscription of the offer and the large amount of public interest in this IPO shows there is strong investor appetite for quality companies in New Zealand,” Brown said.
Shares in Delegat’s will be quoted on the NZSX Market under the security code DGL from 11am today.
