Intueri to lodge prospectus ahead of $200m listing

Arowana International’s vocational training spin-off Intueri Education Group will lodge a prospectus for its initial public offering this week, which is expected to value the new company at up to $NZ310 million ($286 million).

Sarah Thompson, Anthony Macdonald and Gretchen Friemann

Updated Apr 14, 2014 – 2.48pm, first published at 5.19am

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Arowana International ’s vocational training spinoff, Intueri Education Group, will lodge a prospectus for its initial public offering this week, which is expected to value the new company at up to $NZ310 million ($286 million).

Intueri, advised by Macquarie Capital and UBS, has been meeting institutional investors in Australia and New Zealand over the past week and is ready to pull the trigger on an equity raising worth $180 million to $200 million. Intueri is the largest operator in New Zealand’s fragmented vocational training market.