Stolen Rum eyes NZX listing

17:00, Jul 06 2013
YO HO HO: Stolen Rum may list on the NZX.

Stolen Rum, the award-winning Auckland-based Kiwi rum maker, is raising money from private investors and one day plans to list on the NZX.

The company was set up in 2009 by Jamie Duff and Roger Holmes, who were inspired by the success of Geoff Ross who made a fortune by creating and building up the 42 Below vodka company which he then sold to Bacardi.

Stolen Rum is building its distribution in New Zealand, Australia and will launch in the US in several weeks' time, and has garnered credibility as a distiller by winning international spirits awards for its white, gold and dark rums in 2010, 2011, 2012, and 2013, including at the San Francisco International Spirits awards.

But it is still a young business in the very competitive luxury spirits market, and it requires capital from investors.

The funding for the company has been drawn so far from a close network of friends, families and admirers, but it may not be long before the wider investment market is invited to invest through a sharemarket listing.

Duff confirmed the current round of fundraising but said, until it was complete, the company was not able to talk about it publicly.

"This is a pre-IPO round that's just a private placement, but we have big plans over the next 18 months," he said.


Sunday Star Times