Xero investor Craig Winkler’s trust to cash in on Gentrack IPO

Xero’s second-biggest shareholder, a charitable trust associated with MYOB co-founder Craig Winkler, will sell a chunk of shares in Gentrack Group as part of the software company’s planned IPO.

Auckland-based Gentrack today filed documents detailing an IPO worth up to $101.8 million, with the proceeds to be used to pay down debt and provide a liquidity event for existing shareholders.

The shares are to be offered at an indicative price range of $2 to $2.50 valuing the software solutions company at between $151.4 million and $180.2 million.

 

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