14-08-2014 02:19 AM | Australia

Australian Dairy Farms float opened to mum-and-dad investors

The first float of an Australian dairy farm is being opened to mum-and-dad investors, after an institutional offering exceeded expectations.

Australian Dairy Farms has received commitments of $8.5 million of its $14.5 million target from institutional investors in Hong Kong Malaysia, New Zealand and Australia.

The company had planned to secure about $5 million before opening the offer to retail investors.
Full Story : Sydney Morning Herald