IT Brief NZ - Strong Serko IPO demand sees early public pool closure

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Strong Serko IPO demand sees early public pool closure

Due to strong demand for its shares, Serko has closed the public pool component of its retail share offer early at 11.00am on 10 June 2014.

According to the cloud-based company, the number of shares that public pool investors receive may be lower than the number requested.

As a result, Serko will allocate shares to a mixture of NZX Firms, New Zealand and Australian institutions as well as the public.

“We are delighted to have received very strong investor support for the Serko IPO from both institutional and retail investors," says Darrin Grafton, CEO, Serko.

"We look forward to becoming a listed technology company and we expect Serko’s shares to start trading on the NZX on Tuesday, 24 June 2014.”

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