Lodestone Energy is raising between $75 and $100 million through an IPO. In this conversation, Managing Director Gary Holden explains Lodestone’s business, their ambitions, and their reasons for listing to GM of Sharesies Business, Susannah Batley.

Lodestone builds and operates solar farms of 25 to 35 megawatts and sells the electricity directly to customers, placing it alongside New Zealand's four established gentailers. Holden describes the company’s standard site specifications and why they chose that scale.

We cover how revenue is contracted, including the arrangement with early customer The Warehouse Group, and the plan to move from six farms to 18. We also put the risk factors to him: customer concentration, grid connection and consenting, construction delays, and what happens if the minimum raise isn't reached.

https://www.sharesies.nz/lodestone-energy-ipo

Disclaimer

Lodestone Energy Limited is the issuer of the shares to be issued under the offer to which this advertisement relates. A product disclosure statement for the offer, which sets out the terms and conditions of the offer, is available, and can be obtained by visiting https://ipo.lodestone.co.nz/ . Prospective investors should consider the product disclosure statement before deciding whether to acquire Shares and will need to apply in accordance with the instructions in the product disclosure statement.

Nothing in this Sharesies podcast constitutes an invitation to subscribe for, or an offer of shares or financial products to any person, in any country in which it would be unlawful to do so.

This episode is brought to you by Sharesies Limited (NZ) in New Zealand. It is not financial advice. Information provided is general only and current at the time it’s provided, and does not take into account your objectives, financial situation and needs. We do not provide recommendations and you should always read the disclosure documents available from the product issuer before making a financial decision. Our disclosure documents and terms and conditions can be found on our NZ website.

Investing involves risk. You might lose the money you start with. If you require financial advice, you should consider speaking with a licensed financial advisor. Past performance is not a guarantee of future performance.

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