Energy Mad reaches $5M IPO target after extending deadline

Energy Mad, which makes and markets energy-efficient light bulbs, has raised the $5 million sought in its initial public offering after extending the deadline for the sale by two weeks.

The company, which plans to list on the NZX starting on Oct. 19, said the offer was fully subscribed.

Energy Mad sold the shares at $1 apiece and had intended to raise up to $10 million if founders Chris Mardon and Tom Mackenzie sold down their holdings. In the event, no existing shares were sold in the IPO, it said today.

Woodward Partners and Bell Gully advised Energy Mad during the IPO.

BusinessDesk.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:

July 3rd Morning Report
ikeGPS Chief Financial Officer Transition
TWL - TradeWindow announces strategic partnership with FTA
BLT - Patent issue settled and new 5 year agreement with BSP
July 2nd Morning Report
July 1st Morning Report
June 27th Morning Report
SDL - FY2026 Earnings Guidance
PaySauce Director resigns for US-based role with NZTE
General Capital Releases 2025 Annual Report