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Shares in 2 Cheap Cars owner sold for $1 months before $1.30 direct listing

Company’s listing profile reveals further detail ahead of NZX debut.

Nearly 70 investors poured about $3.5 million into the company that owns second-hand car dealer 2 Cheap Cars late last year, for 30c a share less than it will list at tomorrow.

NZ Automotive Investments, which operates 2 Cheap Cars and vehicle finance company NZ Motor Finance, said last week it

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Hamish McNicol Thu, 25 Feb 2021
Contact the Writer: Hmcnicol@nbr.co.nz
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Shares in 2 Cheap Cars owner sold for $1 months before $1.30 direct listing
General Business,
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