[22 September/ National Business Review]

First NZ Capital and Macquarie have confirmed that the indicative price range for New Zealand King Salmon’s initial public offering would be between $1.10 and $1.20. The range was between 7.75 and 8.32 times the company’s earnings before interest, tax, depreciation and amortisation for the year ending June 2017. Eligible residents of the Marlborough and Nelson Bay regions were asked to register their interest for the priority offer by 12 September, while the retail offer was expected to open on 3 October. The company planned on listing on both the NZX and ASX.