Topic - Developments

NZ’s village and care operator Oceania raises $200M in IPO at low end price

Apr 18 2017 Updated May 3, 2023

The Weekly Source

1 min read

Macquarie Bank had a price between $0.75 and $1.04 in mind for its IPO sale of 41.5% of Oceania Healthcare, NZ’s third largest aged care provider and sixth-largest village operator.

After the roadshows they have settled on $0.79, claiming they have been oversubscribed. This values the company at $482M. The company expects to make a $53M at profit after tax in 2018.

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