The so called "non-deal" roadshow for Napier Port's possible partial float has rolled on before its owner, the Hawke's Bay Regional Council, makes its final call in four to six weeks.
The council's advisers have been introducing the port and management to potential institutional investors here and in Australia in the run-up to decisions around the sale of a minority stake in the company.
But contrary to a report in Australian Financial Review's "Street Talk", an ASX listing is not being sought.
At this stage, if the council goes ahead with the IPO, it will an NZX-listing only, a broking source familiar with the process, said.
The council wants to free up funds and the port has expansion plans that will require funding.