date:Jun 27, 2013
New Zealand infant formula manufacturer Synlait Milk has launched an IPO (initial public offering) of shares designed to raise a total of $NZ120 million. When the offer is completed, Synlait will list on the NZX Main Board stock exchange.
The new primary capital of $75 million is being raised to enable the funding of Synlait Milks growth initiatives. Proceeds will be applied to repay Synlait Milks existing debt facilities which will be refinanced in conjunction with the IPO. Synlait Milks growt