Trade Me to list on NZX
Fairfax plans IPO for 30 - 35% of auction website business.
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Trade Me’s parent Fairfax Media plans to sell between 30% and 35% of the auction website business in an IPO.
Fairfax announced the proposal via a notice to the ASX this morning.
The IPO remains subject to financial market conditions, but if it goes ahead this would see Trade Me become a stand-alone, publicly listed company on the New Zealand Exchange (NZX).
Consideration will also be given to an ASX listing.
Trade Me says it is “all business as usual” from its perspective.
“The way Trade Me works, and our focus on providing a safe and trusted marketplace for Kiwis to buy and sell will remain the same.”
Niko Kloeten
Fri, 26 Aug 2011
Fri, 26 Aug 2011
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Trade Me to list on NZX
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