Rubicon's ArborGen plans to raise US$75m

ArborGen, the tree seedling company that's 33% owned by New Zealand's Rubicon, plans to raise US$75 million in a US initial public offering.

The Summerville, South Carolina-based company will use the proceeds to buy a new headquarters, manufacturing and research laboratories and to repay debt, it said in a statement on Friday. ArborGen's other shareholders are International Paper and MeadWestvaco.

The number of shares to be offered and the price range for the offering have not yet been determined, it said. Goldman Sachs and Citi will manage the sale.

Rubicon shares last traded at 79 cents and have fallen 12% this year.

Businesswire.co.nz

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

January 22nd Morning Report
TGG - FY 2025 Earnings Guidance Update
Meridian Energy monthly operating report for December 2025
January 21st Morning Report
PEB - Q3 26 Results and Key Strategic Milestones
FBU - Fletcher Building announces sale of Fletcher Construction
A thank you from Stuff's owner and publisher
FPH Appoints New Director and Future Director
January 19th Morning Report
January 15th Morning Report