Shares in Orion Health have risen 14% above the offer price following the software developer's sharemarket debut this morning.

Shares in Orion Health have been priced at $5.70 - meaning the firm will be valued at close to $1 billion when it floats.

Fund managers have expressed concern over Orion Health's unusual decision to not provide earnings forecasts ahead of its highly anticipated initial public offer, which will raise up to $150 million in new growth capital.

Recent issues of Orion Health Group shares to private investors provide clues to the issue price in its upcoming initial public offer.

The ink is barely dry on the announcement of Orion Health's up to $150m sharemarket listing and fund managers are already talking down the offer's price - even though it is yet to be revealed.

Former Fonterra boss Andrew Ferrier has been appointed chairman of New Zealand software developer Orion Health

Electricity remains out for 1000 homes in Canterbury after last week's storm battered the network.

Software companies Xero and Orion Health say they will be able to absorb at least some of the skilled workers set to lose their jobs at Telecom.

Auckland technology firm Orion Healthcare has launched an initiative aimed at changing the perception of computer science in schools and building the pool of talent the ICT industry needs.

Outrageous Fortune stars lifted the spirits of exhausted linesmen who have been working non-stop trying to reconnect power to quake-hit Christchurch.