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.

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

Business Headlines | Sci-Tech Headlines


Frog Recruitment: Kiwi Workers Reluctant To Make Business Trips Across The Ditch Despite Trans-Tasman Bubble Opening

When the trans-Tasman travel bubble opens today, many Kiwi companies won't be rushing to buy an air ticket, reluctant to cross the ditch to do business. The latest survey conducted by leading recruitment agency, Frog Recruitment of nearly 1,000 New Zealand ... More>>

Tourism: Employers Welcome Back Working Holidaymakers

Tourism businesses gearing up for the return of Australian visitors from next week will be relieved to learn that they will also have access to an offshore pool of much-needed job candidates, Tourism Industry Aotearoa says. Tourism employers around ... More>>

Commerce Commission: Latest Broadband Report Confirms Improved Performance Of Premium Fibre Plans

The latest report from the Commerce Commission’s Measuring Broadband New Zealand programme shows that the performance of Fibre Max plans has improved substantially. This follows a collaboration between the Commission, its independent testing partner, ... More>>

Air New Zealand: Capital Raise Deferred

Air New Zealand has decided to defer its planned capital raise to later in 2021 allowing more time to assess the impacts of recent developments on the airline’s path to recovery. 'We’ve seen some clearing of COVID-19 clouds recently, with ... More>>

Stats NZ: Prices For Transport And Housing Rise In March 2021 Quarter

Higher prices for transport and housing led to a 0.8 percent lift in the consumers price index in the March 2021 quarter, Stats NZ said today. Prices for getting around rose in the March quarter. Transport prices rose 3.9 percent, the biggest quarterly ... More>>

Stats NZ: New Report Shows Impact Of Demands On Land In New Zealand

A new environmental report released today by the Ministry for the Environment and Stats NZ, presents new data on New Zealand’s land cover, soil quality, and land fragmentation. The land cover data in the report, Our land 2021 , provides the most ... More>>


Stats NZ: March Card Spending Rebounds Despite COVID

There was a lift in retail card spending in March following a fall in the lockdown-disrupted February month, Stats NZ said today. Seasonally adjusted retail card spending rose by $53 million (0.9 percent), compared with February 2021. Visit our website to read ... More>>