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Moa flags $15m IPO to fund growth

Moa flags $15m IPO to fund growth
Moa Group is eyeing a bigger brewery to meet growing demand and could make a public offering later this year.
  Geoff Ross, Moa Beer CEO and Josh Scott, Moa Beer founder and executive brewer

Geoff Ross, Moa Beer CEO and Josh Scott, Moa Beer founder and executive brewer

Moa Group is eyeing a bigger brewery to meet growing demand and could make a public offering later this year.

The proposed offer would take place in late October with the aim of raising in the order of $15 million. It would be conditional on NZX Limited accepting Moa's shares for listing

Joint lead managers appointed for the offer are Craigs Investment Partners and Forsyth Barr.


Marlborough-based Moa Brewing was founded in 2004 and sells its range in New Zealand, Australia and the United States.

Existing shareholders include The Business Bakery, Pioneer Capital, Allan Scott Wines and Moa senior management.