Jamie Gray

Jamie Gray is a business reporter for the New Zealand Herald and APNZ wire agency

Gentrack IPO tipped today

James Docking, CEO of Gentrack, which provides computer software for industries such as airports and utilty companies. Photo / Brett Phibbs
James Docking, CEO of Gentrack, which provides computer software for industries such as airports and utilty companies. Photo / Brett Phibbs

Specialised software company Gentrack is expected to register its propectus and investment statement with the Financial Markets Authority today as the company prepares for an initial public offer and listing on the NZX. Details of the offer are expected this afternoon.

Gentrack, which develops specialist software for energy utilities, water companies and airports around the world, recently appointed Graham Shaw and Andy Coupe as independent directors.

Coupe has commercial and capital markets experience and is a former investment banking consultant at UBS New Zealand, Gentrack said.

He is deputy chairman of the New Zealand Takeovers Panel and chairman of dairy farm investment specialist Farmright.

Shaw is a chartered accountant who works as an adviser to boards and senior management. He is a director of listed software developer Xero and a former chief executive of Works Infrastructure.

Auckland-based Gentrack employs 180 people in offices in Auckland, Melbourne and London and serves more than 150 utility and airport sites in 20 countries.

The company this month signed up LoCO2 Energy, a British electricity supplier. LoCO2 will use a specialised customised billing and customer relations management system used by utilities in Australia, New Zealand, Ireland and the UK.

Gentrack has also signed Bristol Airport for its Airport "20/20" operational management system.

The company's board now comprises chairman John Clifford, executive director James Docking, and independent non-executive directors Leigh Warren, Coupe and Shaw.

See also: Brian Gaynor - Possible surge in stock listings good news

- NZ Herald

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