Goodman Fielder debuts 10c above list price

Goodman Fielder this afternoon debuted on the New Zealand Stock Exchange at $2.23 - 10c above its offer price.

The Graeme Hart-controlled Burns Philp is floating 80 per cent of the food group on Australian and New Zealand exchanges.

Westpac Custodian Nominees emerged as the largest shareholder , in a pre-float disclosure topping the indicative list of top 20 shareholders with 354 million shares, or 26.75 per cent.

Westpac is followed by Burns Philp, with the top five rounded out by JP Morgan, with 11.3 per cent, National Nominees Ltd, with 7.46 per cent, and UBS Nominees Ltd, with 1.79 per cent.

- NZPA