Sharechat Logo

Finzsoft has steady debut

By Phil Boeyen, ShareChat Business News Editor

Thursday 28th December 2000

Text too small?
New Capital Market listing Finzsoft Solutions (NZSE: FIN) has had a steady first day on a quiet market, closing at 52 cents compared with an issue price of 50 cents.

Finzsoft is a shell company that has identified acquiring Auckland-based Systems Support Group as its key transaction.

Systems Support Group makes the Sovereign finance and banking software used by a majority of New Zealand's finance companies, including Dorchester, Marac, Elders and Fisher & Paykel Finance.

Finzsoft issued 1.2 million shares to 310 investors to raise $600,000. Three directors hold another 800,000 shares.

Finzsoft is the second software company to hit the boards this month following the listing of Software of Excellence (NZSE: SOE) in mid-December.

SOE is the leading provider of dental software in New Zealand and the UK. It issued 5 million shares for a main board listing at $1.00, and closed today at 96 cents.

  General Finance Advertising    

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.

Related News:

Finzsoft to post year net loss between $400K and $550K

IRG See IRG research reports