{"id":630961,"date":"2026-10-15T02:52:10","date_gmt":"2026-10-15T02:52:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/630961\/"},"modified":"2026-10-15T02:52:10","modified_gmt":"2026-10-15T02:52:10","slug":"lodestone-energy-hits-75m-minimum-capital-raise-for-its-nz-sharemarket-listing","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/630961\/","title":{"rendered":"Lodestone Energy hits $75m minimum capital raise for its NZ sharemarket listing"},"content":{"rendered":"\u201cThe initial public offer [IPO] represents an important development for New Zealand\u2019s capital markets, being the country\u2019s first significant public offering in approximately five years,\u201d the company said.<\/p>\n
It also marked the next stage in Lodestone\u2019s evolution from an emerging solar developer into an established renewable electricity generation and retail business.<\/p>\n
Managing director Gary Holden said the successful offer reflected the strength of the business and the opportunities ahead.<\/p>\n
Lodestone\u2019s listing will be the first on the NZX of any size in five years.<\/p>\n
\u201cThis is an important milestone for Lodestone and for New Zealand\u2019s capital markets,\u201d Holden said.<\/p>\n
\u201cBringing a significant new company to the NZX after a prolonged period of limited IPO activity is a positive development for the market.<\/p>\n
\u201cLodestone enters this next phase with an established track record, operating generation assets, a differentiated business model and a clear pathway for continued expansion.<\/p>\n
\u201cThe company\u2019s ability to combine renewable generation with direct customer relationships provides an important competitive advantage and creates opportunities to deliver long-term value for both customers and shareholders.<\/p>\n
\u201cNew Zealand\u2019s increasing electricity requirements provide a compelling opportunity for further renewable generation investment.<\/p>\n
\u201cLodestone is well positioned to contribute to meeting that demand through the continued development of its solar generation portfolio supported by the expansion of its electricity retail business.<\/p>\n
\u201cThe successful IPO provides a strong foundation for the company\u2019s next stage of growth, and we look forward to welcoming our new shareholders next week.\u201d<\/p>\n
As it stands, investors associated with investment bank Jarden own most of the shares.<\/p>\n
Holden has 6.15%.<\/p>\n
Guy Haddleton, a New Zealand entrepreneur and billionaire, owns 5.7%.<\/p>\n
The Warehouse founder Sir Stephen Tindall has 5.134%.<\/p>\n
Jamie Gray is an Auckland-based journalist, covering the financial markets, the primary sector and energy. He joined the Herald in 2011.<\/p>\n
Stay ahead with the latest market moves, corporate updates, and economic insights by subscribing to our Business newsletter<\/a>\u00a0\u2013 your essential weekly round-up of all the business news you need.<\/p>\n","protected":false},"excerpt":{"rendered":"\u201cThe initial public offer [IPO] represents an important development for New Zealand\u2019s capital markets, being the country\u2019s first…\n","protected":false},"author":2,"featured_media":630962,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[58506,138,1288,113172,1667,1138,2082,4508,79225,302,44266,295710,29484,111,139,69,19276,3109,2515,19764,312,1125,180,1077],"class_list":["post-630961","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-75m","tag-business","tag-capital","tag-commitments","tag-energy","tag-firm","tag-for","tag-hits","tag-initial","tag-its","tag-listing","tag-lodestone","tag-minimum","tag-new-zealand","tag-newzealand","tag-nz","tag-offering","tag-public","tag-raise","tag-received","tag-says","tag-sharemarket","tag-shares","tag-successfully"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/630961","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=630961"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/630961\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/630962"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=630961"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=630961"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=630961"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}