Craft brewer Moa Group will float on the stock exchange, seeking to raise up to $16 million to go towards building a bigger brewery.
It will be the first locally listed brewery since 2009, when Japanese brewer Kirin bought Lion.
Moa says more than 1500 New Zealanders registered their interest when the company indicated it might float.
After gauging interest from institutional investors, the Marlborough-based firm decided to issue 12.8 million shares at $1.25 each.
Chief executive Geoff Ross says the response from stockbrokers and institutions has been extremely positive.
He says the float is a vital component of its plan to export its craft beers.
Mr Ross says the largest portion of the capital raised will go towards the new brewery, but also as the company grows it requires more capital and more resources will be put into marketing and also sales people on the ground in some key offshore markets.
The offer values Moa at $38 million and will open on 19 October. Shares trading is expected to start by the end of November.
