Apple exporter Scales Corporation is planning an initial public offering, and a listing on the New Zealand stock exchange. The sale will include both existing and new shares.
The Christchurch company said a prospectus should be available in a few weeks, and the shares should be quoted on the NZX main board next month.
The sale will include both existing and new shares.
Scales posted a $20.4 million net profit for calendar year 2013.
Private equity investor Direct Capital which owns 84 percent of the company, is looking to sell many of its shares, but is expected to keep about 20 percent.
Direct Capital bought its Scales stake through the receivership of South Canterbury Finance.
