It hopes to raise $20 million in an initial public offer which would give the company a market capitalisation of $100 million.
NZFSU held its initial public offer in December last year and raised $105 million - significantly up on its $75 million target.
Since then it has held further capital raisings, which have brought the figure up to $173 million. A source close to the deal said further capital raising could also be on the cards, although this was likely to be available only to existing investors.
The company is expected to list on the NZX around mid-December.
Taupo Motorsport's $2.75 million initial public offer was due to close on October 19 but has been extended to November 23. Taupo Motorsport operates the race track which hosts the New Zealand leg of the A1 GP racing series.
A spokeswoman for McDouall Stuart, which is organising the float, said the IPO period had been extended because many of the targeted investors had been away in France at the Rugby World Cup during the period and the capital raising had suffered as a result.
She would not say how much had been raised by the initial cut-off date but said the expected listing date on the NZAX was now December 3.
Brown said it was not surprising to see a few more listings come to market as three-quarters of all IPOs occurred in the second half of the year.
The New Year and first half of the year is traditionally the quiet time, although this year was the first time an IPO had taken place in the first half of the year for at least five years, Brown said.
Accountancy software provider Xero listed on June 5 after raising $15 million.
Brown said he had tried to suggest to companies that they list in the first half because there would be less competition for cash but few appeared keen to take it on board.
"I think part of it is people like to get things done by Christmas and the process tends to take three or four months so unless they have done a lot of preparation work before Christmas it is unlikely to happen in the first half of the year."
But two postponed IPOs earlier this year could mean the first half of 2008 is busier than usual.
Both AMP and ING put off property floats for their retirement village businesses during August and September after uncertainty in the market following the US credit crunch and problems in the local finance company sector.
ING NZ managing director of property Andrew Evans said it was still reviewing its position but intended to go ahead with an IPO for its ING Real Living company next year when the fundamentals and cash flow improved.
AMP head of alternative assets Murray Gribbens said its partial float of Summerset was also still on the cards although it was "not at the front of our minds at the moment".
The sole debt raising cancellation - the Yellow Pages bond offer - is also still an option, although market sources said it was unlikely to make a comeback.
Four choices
* Diligent Boardbooks: US software company, plans to list on main exchange.
* New Zealand Farming Systems Uruguay: PGG Wrightson offshoot, plans to list on main exchange.
* Taupo Motorsport: Racetrack operator, likely to list on the NZAX
* Debt issue: Yet to be announced. To list on NZDX.
