Media Release: EROAD lists on the NZX Main Board
15 August 2014 Shares in leading New Zealand transport and technology services company,
EROAD, began trading on the NZX Main Board today following the successful IPO that raised
$46 million through the sale of new and existing shares.
EROAD shares had been issued at $3.00, valuing the company at a market capitalisation of
The IPO comprised $40 million of new capital and a secondary offer of $6.1 million. The
majority of the capital raised will be used to fund and accelerate the company’s North American