NZAI - Direct Listing on the NZX Main Board
Photo: Michael Busch and Tracy Rowsell celebrating the direct listing with NZAI Co-founders Eugene Williams and David Sena
Lowndes Jordan is pleased to have advised NZ Automotive Investments Limited (NZAI) on its direct listing on the NZX Main Board in February 2021 (link).
NZAI is an integrated used automotive group operating throughout New Zealand via two divisions - Automotive Retail (operating under the 2 Cheap Cars brand) and Vehicle Finance (operating under the NZ Motor Finance brand). The listing will support NZAI’s long-term growth, in particular access to capital in the future for expansion of its Vehicle Finance division.
NZAI’s listing marked the 2nd listing on the NZX Main Board which Lowndes Jordan has provided the lead legal advice on in FYE2021, following the successful IPO and listing of Rua Bioscience Limited on the NZX Main Board in October 2020.
Michael Busch led the corporate team at Lowndes Jordan assisted by associates Maria Petrov, Tamara McConnell and Liam Closey.