Napier Port shares are expected to be priced near the top of their indicative $2.27 to $2.60 range, despite uncertainty in the log export trade.
Final pricing for the float - which will see current owner the Hawke's Bay Regional Council's ownership diminish to 55 per cent - is expected Thursday.
A "book-build" auction-style process among institutions finished on Wednesday. There is no public pool.
The sale of 90 million shares is expected to raise between $204.3 million and $234m and the company expects to list on the NZX on August 20.
Most of the proceeds will be used to