Mortgage News

Pero shares down after first day of listing

Tuesday 25th of May 2004
The raised $10 million through an initial public offering (IPO) with an oversubscription of 3 million shares allocated on Friday.

Currently Christchurch businessman George Gould holds 55% of the company, founder Mike Pero has a seven per cent stake and staff and mortgage brokers were issued 645,500 shares, with an equivalent number of options attached.

The company said in its prospectu...

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