Transport company wants to raise up to $44.5 million in the year's first IPO.
Hawkesby-owned Fliway Group is expected to lodge its prospectus today, ahead of listing on the New Zealand stock market next month.
Profit was down on last year but beat prospectus forecasts; sets up filmmaking charity.
Market takes time to settle down, but broker worries traders do not understand the risks.
UPDATE: Fliway Group releases statement confirming IPO to raise between $30-50 million.
The initial public offer pipeline is expected to keep pumping.
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