Metro Glass priced near bottom of range - sources

Metro Performance Glass shares have been priced at $1.70 a-piece following a two-day book build ahead of is initial public offering, NBR ONINE understands.

The shares were priced at the lower end of the indicative price range of $1.65 to $1.90, valuing the company at between $305 and $352 million.

It is understood there was some divergence between what New Zealand fund managers and Australian were valuing the shares at.


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