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Current as of 22/07/16 07:39PM NZST

Demand for Moa shares outweighs availability

Photo / Dean Purcell
Photo / Dean Purcell

Beer company Moa has had so much interest in its million dollar public investment pool, that it has been closed off a week early.

The firm says some people will miss out on the stock they wanted.

Moa is trying to raise $15 million by offering shares at $1.25 each, with provision to take over-subscriptions of up to a million dollars.

Because applications to the public pool have exceeded the shares available, allocations will be scaled back.

Moa says investors who didn't pre-register are unlikely to get any shares, but will get a refund once the offer is settled.

- Newstalk ZB

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