IPO possible for Freedom Lifestyle, after $40m equity deal
Retirement operator, aimed at a younger market, attracted its ‘first tranche’ investment with Singapore entity linked to Arvida suitor, Stonepeak, as it looks to expand lifestyle offering.
The 237-unit Ravenswood village near Christchurch.
Freedom Lifestyle Villages, a retirement option aimed at the 50-plus market, could be headed for an initial public offer on the NZX, after wrapping up a $40 million offshore investment.
Freedom chair and acting chief executive Bill McDonald told NBR a public listing “wasn’t out of the
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