Software company’s chief turns his focus back to growth plan after listing completed
With Gentrack's sharemarket listing done and dusted, chief executive James Docking says his focus is firmly back on growing the business.
Several big deals were being negotiated, he said, while the technology company was also eyeing new markets and on the lookout for potential acquisitions.
Shares in the Auckland-based developer of management software used by water and energy utilities, as well as airports, closed at $2.49 last night - a 3.7 per cent premium to the $2.40 offer price - after rising as high as $2.60 immediately after the listing.
Gentrack's dual NZX/ASX float got off to a much better start than corporate travel booking software firm Serko, whose shares plunged by almost 14 per cent after the company's listing on Tuesday. Serko shares rebounded yesterday, closing up 6.3 per cent at $1.01, but still below the $1.10 issue price.