Local retail investors won’t get a chance to buy into the NZX float of website software developer SLI Systems after the share offer was overbid by almost two-and-a-half times in the bookbuild by institutions. The Christchurch-based company plans to raise $15 million in an initial public offer at $1.50 apiece and a further $12 million from existing shareholders as it …

Summerset Group, New Zealand’s second-largest listed retirement village operator and developer, plans to list on the Australian stock exchange, putting its shares in front of an investor pool more than 20 times larger than in its home market. “The retirement village and aged care sector now accounts for nearly 8 percent of the NZX 50,” Summerset chairman Rob Campbell said …

SLI Systems, a Christchurch-based developer of website search software, plans to sell its shares at $1.50 in a listing on the NZX at the end of the month to fund its long-term growth aspirations in Japan and Brazil. The company plans to raise $15 million in an initial public offer and a further $12 million from existing shareholders as it …