By ELLEN READ
Shares in newly listed Carter Holt Harvey spinoff Straightedge did not trade yesterday but attracted offers at a premium to the issue price.
Straightedge, issued at 50c a share - with 1.2 million shares offered - was bid at 53c and offered at 64c on the New Capital Market.
The
company said on Friday that its initial public offering was fully subscribed and attracted 339 new shareholders.
A shareholders' meeting to vote on buying the Straightedge division from Carter Holt Harvey, and other company business, is planned for the middle of next month.
Straightedge, formerly known as Velocit-e, started as an e-commerce consultancy but now concentrates on building industry software.
Its Biz-e Builder is used in hardware stores to help customers to design decks and fences, and Virtual Worlds does a similar job for bathrooms and kitchens.
