Craft beer brewer Moa is expected to register the prospectus for its sharemarket listing today.
The company, which is looking to raise $15 million to fund an expansion of its Blenheim brewery, is holding a media conference this morning, during which new details about its initial public offering will be released.
A market source said the deal had been priced and was oversubscribed, with four institutions already committed to investing in the brewer.
A further $1 million in oversubscriptions is anticipated.
The Business Herald understands Moa is expected to be valued at between $18 million and $24 million before the float.