Hirepool - New Zealand's largest equipment rental business - has confirmed its plans to list on the sharemarket and says a prospectus for the offer will be lodged this month.
The company said the issue price of its shares would be set after a bookbuild process that would follow the prospectus registration "on or about" June 16.
Deutsche Bank gave the company an equity value in the range $260 million to $320 million in pre-marketing research released last week.
The Hirepool listing could be the second biggest initial public offering New Zealand will see this year after the float of Genesis Energy in April.
"All shares offered by Hirepool will be at the issue price and will be fully paid ordinary shares which will rank equally with each other and all existing shares," the company said.