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10 Jun 2014
News

Serko’s IPO of $22 million Receives Strong Demand


Due to strong demand for its shares, Serko Limited (Serko) has closed the public pool component of its retail share offer early at 11.00am on 10 June 2014. The number of shares that public pool investors receive may be lower than the number requested.

Serko will allocate shares to a mixture of NZX Firms, New Zealand and Australian institutions as well as the public.

CEO Darrin Grafton said: “We are delighted to have received very strong investor support for the Serko IPO from both institutional and retail investors. We look forward to becoming a listed technology company and we expect Serko’s shares to start trading on the NZX on Tuesday, 24 June 2014.”

Serko is a cloud-based technology company that provides an integrated corporate travel booking and expense management solution to approximately 6,000 corporations and government agencies across the Asia Pacific region.

Serko’s sponsoring investment bank is Cameron Partners Limited. Application has been made to NZX Limited for permission to list Serko and to quote its shares on the NZX Main Board and all of the requirements of NZX relating to that application that can be complied with on or before the date this media release have been duly complied with. However, NZX accepts no responsibility for any statement on this media release. The NZX Main Board is a registered market operated by NZX, which is a registered exchange, regulated under the Securities Markets Act 1988.

For more information contact:

Strahan Wallis, Porter Novelli for Serko, + 64 21 410 294 strahan@porternovelli.co.nz


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