[30 August/ NZ Herald]

New Zealand King Salmon has announced plans to raise up to $200 million through an initial public offer and listing on the NZX and ASZ by late October. Proceeds from the offer would be used to repay debt, fund future investment and working capital, and to enable its second biggest investor and other shareholder to exit all or part of their holdings. New Zealand King Salmon Chief Executive, Grant Rosewarne said the initial public offering was a way for Direct Capital to realise their investment and to support the company going forward.