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:

CEN - Contact Chair to retire this year, new Chair appointed
May 1st Morning Report
GTK - Gentrack's Veovo Acquires Dubai Technology Partners
SML - Additional information following Bright Dairy announcement
April 30th Morning Report
Rua Bioscience Market Update
FSF - Fonterra announces interim leadership changes
April 29th Morning Report
NZK - Blue Endeavour Pilot Farm and Wellboat Update
TRU - FY 31 March 2026 Revenue and Results Guidance Achieved