New Zealand transport and logistics company Fliway Ltd traded steadily when it debuted on the stock exchange on Wednesday. In early trading the company's shares briefly touched NZ$1.22 compared with an issue price of NZ$1.20, before settling back to trade unchanged.
The company raised NZ$34 million ($25.7 million) in an initial public offering (IPO) last month in which it sold 28.4 million new and existing shares.