10 Dec 2009

IPO closing date extended

8:11 am on 10 December 2009

Natural sweetener producer BioVittoria is pushing back the closing date for its initial public offering a second time, after financial advisers asked for more time to sell the investment.

The Hamilton-based company is hoping to raise about $20 million through a listing on the sharemarket to commercialise a natural sweetner.

However, it is yet to raise the minimum of $8 million needed.

The closing date for the offer has been extended to 29 December.