Website search company SLI Systems is floating 31% of its company on the New Zealand sharemarket to raise capital for further expansion overseas.
The Christchurch-based company, valued at $87 million, wants to raise $27 million - just under half of which will come from a sell-down by existing shareholders.
SLI's chief executive Shaun Ryan says there's been strong interest from investors.
"We already have nine institutions that have said that they want to invest, and we're looking for the sort of investors that are looking for a growth stock.
"We've got a history of growing our recurring revenues and we plan to continue to do that."