Wynyard signals IPO and NZX-listing to fuel growth

Wynyard Group is considering raising capital by an Initial Public Offering (IPO) and a listing on the NZX Main Board to accelerate its international growth strategy and meet the growing demand for its solutions.

The intelligence-led software and solutions provider released a statement this morning, saying it is debating making an offer of ordinary shares to New Zealand retail and institutional investors.

The proposed offer would take place within the next two months and would be conditional on NZX Limited accepting Wynyard Group’s shares for listing.

The company says there would be no public pool and no provision for over subscriptions.

Wynyard says no money is currently being sought and no applications for securities will be accepted or money received unless the subscriber has received an investment statement.

Indications of interest do not involve an obligation or signal a commitment of any kind the statement concluded.