Scoop has an Ethical Paywall
Work smarter with a Pro licence Learn More

Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

My Food Bag Plates Up With Legal Experts At Chapman Tripp

Today marks a significant milestone for New Zealand well-known brand, My Food Bag, as it lists on the NZX Main Board and ASX following a successful initial public offering (IPO).

Today marks a significant milestone for New Zealand well-known brand, My Food Bag, as it lists on the NZX Main Board and ASX following a successful initial public offering (IPO).

Since its inception in 2013, My Food Bag has had eight fruitful years in the online food delivery business and is the country’s longest standing meal kit provider. Supported by a nationwide delivery network, My Food Bag services around 86% of the New Zealand population.

Led by Chapman Tripp Partners, Rachel Dunne and Joshua Pringle, Chapman Tripp advised My Food Bag on all aspects of its IPO and NZX and ASX listings. Priced at $1.85 per share, My Food Bag’s implied post-IPO market capitalisation is $449m it is the largest IPO by offer size on the NZX since 2014.

“We have greatly enjoyed working so closely with the My Food Bag team whose passion for the business shone through every step of the way. As the largest NZX IPO in almost a decade, we hope that My Food Bag’s listing heralds a resurgence in New Zealand’s IPO market” says Dunne.

Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

Kevin Bowler, CEO of My Food Bag said “The Chapman Tripp team were an essential part of our successful path to IPO. Their experience and commitment over many months has been invaluable.”

Other key members of the Chapman Tripp team advising My Food Bag were Partner, Graeme Olding, Senior Associate, Philip Ascroft, Senior Solicitor, Kit Adamson and Solicitor Kate Roberts-Gray.

Jarden and Craigs Investment Partners acted as Joint Lead Managers to the IPO, advised by Russell McVeagh.

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Business Headlines | Sci-Tech Headlines

 
GenPro: General Practices Begin Issuing Clause 14 Notices

GenPro has been copied into a rising number of Clause 14 notices issued since the NZNO lodged its Primary Practice Pay Equity Claim against General Practice employers in December 2023.More

SPADA: Screen Industry Unites For Streaming Platform Regulation & Intellectual Property Protections

In an unprecedented international collaboration, representatives of screen producing organisations from around the world have released a joint statement.More

 
 
 
 
 
 
 
 
 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.