Hirepool set for IPO; aims to raise $250 mn
09/06/2014 11:38
According to media reports, Auckland –based equipment rental company Hirepool has announced that it plans to raise USD 250 million via an initial public offering. The company, which is owned by Australian private equity firm Next Capital, is likely to file for a prospectus on June 16. The issue price is likely to be determined on a book build basis. “All shares offered by Hirepool will be at the issue price and will be fully paid ordinary shares which will rank equally with each other and all existing shares," the company said. German banking giant Deutsche Bank estimates Hirepool’s market value at USD 260 million to USD 320 million.
09/06/2014 11:38
According to media reports, Auckland –based equipment rental company Hirepool has announced that it plans to raise USD 250 million via an initial public offering. The company, which is owned by Australian private equity firm Next Capital, is likely to file for a prospectus on June 16. The issue price is likely to be determined on a book build basis. “All shares offered by Hirepool will be at the issue price and will be fully paid ordinary shares which will rank equally with each other and all existing shares," the company said. German banking giant Deutsche Bank estimates Hirepool’s market value at USD 260 million to USD 320 million.
