Napier Port jumps 12% on NZX debut

Cannasouth

20/08/2019 24:55

Aug 20 (Reuters) - Napier Port Holdings  NPH.NZ , the
operator of New Zealand's fourth largest port by container
volume, rose 12% in its market debut on Tuesday.     
    The Hawke's Bay-based company opened at NZ$2.91 and was
trading at NZ$2.93 by 2351 GMT, compared with an offer price of
NZ$2.60 a share.
    The company raised NZ$234 million this month, after pricing
its offering at the top end of a range in an over-subscribed
bookbuild.

 (Reporting by Aditya Soni in Bengaluru; Editing by Bernard Orr)
 ((Aditya.Soni@thomsonreuters.com; +91 80 6749 1130;))