Latest from Shares

Scales gets set for growth after debut
With its sharemarket listing completed Scales Corporation is poised for expansion, particularly in Asian markets, says managing director Andy Borland.

Scales shares edge lower on debut
Shares in Scales Corporation have fallen below their offer price following the fruit marketer’s initial public offering today.

Auckland Airport cuts fine deal in $250m bond issue
Auckland International Airport has sold US$250 million of bonds at what it says is the lowest borrowing margin for a facility of its kind for a decade.

Moa planning $5.25m rights issue
The Auckland-based company sold 1.3 million shares to the unnamed investors at 38c, a 31 per cent discount to the trading price.

Xero shares rise on US listing talk
Software company Xero will get to a position this financial year where it can make a listing on a US stock exchange "when the timing is deemed right".

Saudi Arabia to open stock market to foreigners
Saudi Arabia is removing barriers on one of the world's most-restricted major stock exchanges as the government tries to boost non-oil industries.

ERoad IPO to raise $49.5m in pursuit of US growth
ERoad is looking to raise up to $49.5 million in an initial public offer next month as it chases growth in the US market.

Vista prices shares for IPO
Shares of Vista will sell towards the lower end of the indicated price range, as the cinema software developer looks to raise up to $40 million.

Litigation risk for tech IPOs
New Zealand technology companies could be unwittingly heading into a "perfect storm" of intellectual property litigation risk as they rush to float on the sharemarket.

Brian Gaynor: Top firms need to lift earnings performance
The June 30 year was another positive 12 months for the NZX as the benchmark NZX50 Gross Index appreciated by 15.8 per cent compared with 30.6 per cent for the previous June year.

Vista gets ready to float
Cinema software developer Vista Group's sharemarket float will set the company up for its next phase of growth, says chief executive Murray Holdaway.

Vista confirms $100m IPO plan
New Zealand software company Vista Group has confirmed it is looking to list on the NZX and ASX in a float that will raise up to $100 million.

Scales shares set at bottom of range for IPO
Scales, the fruit and vegetable logistics group, will sell shares at the bottom of its indicative range in a $148.8 million initial public offer.

Stock Takes: 'Remarkable week' for stockmarket
"A remarkable week." That was how NZX chief executive Tim Bennett, addressing the Gentrack listing event in Auckland on Wednesday, described what has been an eventful few days on the market.

Foley plans NZX main board move
Foley Family Wines plans to step up to the main board of the NZ stock exchange following its takeover of Martinborough Vineyards

Serko shares up, then down on NZX debut
Serko shares have fallen below the issue price following the company’s NZX debut this morning.

Xero shares hit 9-month low
A rollercoaster morning has seen shares in accounting software firm, Xero, drop by almost ten per cent, before rebounding to a decline of just two per cent.

GPS firm tips revenue to triple
Technology company ikeGPS, which will list on the NZX next month, has forecast its revenue to more than triple in the current financial year.

Stock Takes: Healthy float?
Orion Health is gearing up to carry out a sharemarket listing during the latter part of this year, according to sources.

Xero tops $100m revenue mark
Accounting software company, Xero, have passed the $100 million revenue mark for the first time, in an announcement made this morning.

High hopes over index launch
The NZX's new Index Futures - which launch today - could stabilise the market and reduce volatility to the benefit of all investors, including KiwiSaver users.

Abano dissidents admit defeat in board stoush
Dissident shareholders seeking removal of Abano Healthcare chairman Trevor Janes admitted likely defeat at the special meeting to vote on the issue in Auckland today.

Cinema IT provider joins queue looking to list
New Zealand software company Vista Entertainment Solutions looks set to join the rush of local technology businesses lining up to list on the sharemarket.