Salvus extends offer

Salvus Strategic Investments has extended its $50 million initial public offer which was due to close on Friday until June 25.

The company said there had been solid demand for its shares and it had received firm commitments from a variety of international and local institutions and NZX market participants.

"However, due to the presence of several larger competing issues, and in response to a number of requests from NZX Primary Market Participants, the company has agreed to extend the issue to enable these participants and the public the opportunity to participate in this offer," Salvus said in a statement.

The company expects to list on July 1.