Infratil Limited Launches NZ$150M Retail Offer

Infratil Limited (IFUUF) has released an update.

Infratil Limited, a New Zealand-based company, has opened a NZ$150 million retail share offer as part of a larger NZ$1,150 million equity raise, following a successful NZ$1,000 million placement. The offer is directed to eligible shareholders in New Zealand and Australia, with share pricing set at the lower of the placement issue price or a 2.5% discount to the volume-weighted average on the NZX up to the closing date. Oversubscriptions may be accepted at Infratil’s discretion, with scaling to maintain proportionate ownership for current shareholders.

For further insights into IFUUF stock, check out TipRanks’ Stock Analysis page.