By Nick Stride
Friday 22nd March 2002 |
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Health and safety software company Intaz has already issued a prospectus and is likely to become the first listing since retailer Briscoe Group last December.
Possibles include transport group Freightways, put up for sale by its Australian owner Ausdoc, and New Zealand Dairy Farmers, a half share of which is for sale as part of the Fonterra formation.
Rural products maker Tru Test has said it is investigating a public share offer and listing, as has diversified manufacturer Viking Pacific.
Scott St John, a director of investment bank Credit Suisse First Boston, said he hoped to see between four and six "meaningful" companies - those with free float of $100-150 million or more - join the list over the next 12 months.
"We've seen a lot of buybacks and takeovers over the past few years. We've reached a point where activity is more likely to come from the issuance side."
Mr St John said a large number of companies had already been taken over. Fund managers were no longer willing to let companies go for less than full value.
"The challenge for this industry and the stock exchange, reflected by the new board, is to bring more product into the market," he said.
"The exchange is going to be much more aggressive in the way they market."
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