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A disappointing debut for My Food Bag on the NZX, with stock falling despite high expectations

5 March 2021

The shares opened trading at 1-dollar-76 but slumped to 1-dollar-69 by 2pm this afternoon.

It follows the sale of up to 185 million shares.

>> More Business News

Other Business News

01 Dec: A global tax crackdown is coming for crypto – including NZ trades worth billions

01 Dec: The number of new home consents is rising - with significant boosts for townhouses

01 Dec: How visible displays of wealth make people support higher taxes – new study

01 Dec: Chris Luxon says Kiwis should continue to see interest rates fall

01 Dec: Christchurch police are looking at whether a spate of robberies over the past 48 hours, are linked to ram raids in the city last weekend

01 Dec: A number of farms are converting to dairy, but cow numbers still lag behind previous peaks

01 Dec: Business as usual is expected at Air New Zealand and Jetstar today - after warnings solar radiation could interfere with onboard computers on Airbus A320 aircraft

Top Stories

RUGBY
New Zealand Formula One driver Liam Lawson is determined to finish the season on a high More...

BUSINESS
A global tax crackdown is coming for crypto – including NZ trades worth billions More...

Today's News

Cricket:
The prodigious in-swing of Zak Foulkes looks set to earn favour when New Zealand start the first cricket test against the West Indies tomorrow in Christchurch 16:57

Soccer:
Annalie Longo's stepping away from international football - but won't be going too far 16:57

International:
Lebanese hopeful Pope Leo will bring peace as he visits the country 16:37

Law and Order:
A 19-year-old has been arrested at the border, accused of importing large amounts of meth from Vancouver 15:27

Accident and Emergency:
A crash and subsequent fire in southern Bay of Plenty is blocking State Highway 5 14:57

Business:
A global tax crackdown is coming for crypto – including NZ trades worth billions 14:07

Business:
The number of new home consents is rising - with significant boosts for townhouses 14:07

Rugby:
New Zealand Formula One driver Liam Lawson is determined to finish the season on a high 13:57

Law and Order:
A Swiss man will spend Christmas in New Zealand - ahead of sentencing in January for careless driving causing death in Canterbury's Sheffield last month 13:37

International:
F1 standings: Lando Norris, Max Verstappen, Oscar Piastri set for Abu Dhabi decider after Qatar GP 13:37

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