New Zealand King Salmon is reviewing its capital options to support its ongoing growth opportunities and the development of three new farms in the Marlborough Sounds, the company said in response to speculation that it planned to list.
"No decisions have yet been made and the company will be making no further comment at this stage," the company said in a short statement.
The Australia Financial Review's "Street Talk" speculated the private equity-owned New Zealand King Salmon was lining up for an initial public offering and listing on both sides of the Tasman in the coming months.
One Auckland-based fund manager confirmed that NZ King Salmon was potentially coming to the market, which so far this year has seen food group Tegal and media company NZME list. "We are looking forward to seeing the details," he said.
Despite high levels of volatility on world share markets, the New Zealand share market has continued to perform strongly, driven largely by a proportionately high level of dividend paying stocks, and creating attractive conditions for new floats.
