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Photo: My Food Bag 2019
The company s shares initially traded at $1.75 each, down 10 cents on the issue price, and have fallen as low as $1.69.
Speaking to RNZ before trading started chief executive Kevin Bowler said it was the culmination of a lot of work to achieve a long standing ambition. We re pleased to have got to today, it s been something we ve been planning on and thinking about for a long, long time.
A traditional listing event, including the ringing of a bell to symbolise the start of trading, was not held because of Covid-19 restrictions in Auckland.
Kevin Bowler says the stock exchange launch has been a long-held ambition.
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Companies with high name recognition and favourability, like My Food Bag fronted by celebrity chef Nadia Lim, are well-placed to win casual investors. Today on
The Detail, Emile Donovan speaks to National Business Review senior journalist Calida Stuart-Menteath to get a 101 on what an IPO actually is; what state My Food Bag is in; and the importance of doing your investment research. My Food Bag has a humble origin story. After winning the second season of
MasterChef NZ, Nadia Lim and her husband Carlos Bagrie teamed up with entrepreneurs Cecilia and James Robinson and former Telecom chief executive Theresa Gattung with an idea for a meal kit company, which delivers recipes and corresponding ingredients to homes all around the country.
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