Eroad aims at NZX listing by mid-August

The company would seek to raise $40 million in new capital to accelerate its growth strategy

Transport technology and services provider Eroad's directors are considering an initial public offering (IPO) and a listing on the NZX Main Board.

The company would seek to raise $40 million in new capital to accelerate its growth strategy, with specific focus on its electronic solution that helps firms manage and pay road user charges and supports regulatory compliance.

A prospectus for the IPO is to be made available in mid July, and the Auckland-based firm expects shares to be on the NZX Main Board by mid-August.

The lead manager for the offer is First NZ Capital and Deutsche Craigs is the co-manager. Preliminary indications of interest can be made by contacting either of them.

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Tags EROADinitial public offeringlogistics technologyIPONZX main boardtransport technologycapital raising

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