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Clarkes wanted $1.3 billion valuation in Du Val IPO

‘The money is irrelevant to me but forcing the NBR to write ‘billionaire’ will make me chuckle,’ Kenyon Clarke said in leaked email.

Du Val founders Charlotte and Kenyon Clarke.

Kenyon Clarke, co-founder of distressed Auckland apartment development company Du Val Group, planned to take a net $100 million “off the table” for his family as part of an initial public offer he pitched as valuing the group at $1.3 billion, leaked emails to NBR reveal.

In an email to advisers

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Brent Melville Mon, 12 Aug 2024
Contact the Writer: bmelville@nbr.co.nz
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Clarkes wanted $1.3 billion valuation in Du Val IPO
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