Napier Port jumps 12% on NZX debut

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Reuters
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Napier Port Holdings, the operator of New Zealand's fourth largest port by container volume, rose 12% in its market debut on Tuesday.

Aug 20 (Reuters) - Napier Port Holdings NPH.NZ, the operator of New Zealand's fourth largest port by container volume, rose 12% in its market debut on Tuesday.

The Hawke's Bay-based company opened at NZ$2.91 and was trading at NZ$2.93 by 2351 GMT, compared with an offer price of NZ$2.60 a share.

The company raised NZ$234 million this month, after pricing its offering at the top end of a range in an over-subscribed bookbuild.

(Reporting by Aditya Soni in Bengaluru; Editing by Bernard Orr)

((Aditya.Soni@thomsonreuters.com; +91 80 6749 1130;))

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