Summerset Group, a retirement village developer and operator, has registered a combined investment statement and prospectus with the Companies Office for an initial public offer aimed at raising $122.5 million to $136 million.
The offer has an indicative price range of $1.40 to $1.60 per share.
The final price of the shares will be announced on October 7 following a book-build. A retail offer for the shares will open on October 10.
The Wellington-based company, which is majority owned by Australia's Quadrant, expects to list on the NZX later this year.
