Now closed
Lodestone Energy IPO
Applications for Lodestone Energy Limited’s (Lodestone) initial public offering (IPO) (offer) closed on 14 October 2026.
Lodestone is the issuer of shares under this offer. The offer (which is now closed) was made under Lodestone’s product disclosure statement (PDS) that was lodged on 28 September 2026. Download the PDS or access it on the Disclose Register.
About Lodestone
Lodestone was founded in 2019 with a simple ambition: to bring utility-scale solar to New Zealand and build a network of solar farms generating renewable electricity closer to the communities that use it.
Their vertically integrated business model brings together solar farm development, construction management, operations and maintenance, electricity generation and retail capability—allowing Lodestone to manage more of the electricity value chain as the business grows.
Their vision is to build a solar farm in every community and develop into a vertically integrated gentailer capable of serving customers across New Zealand.
Hear from the Managing Director of Lodestone
Susannah Batley, our General Manager of Sharesies Business, sat down with Gary Holden, Managing Director of Lodestone, to talk about what they do, how they make their money, and why now is the right time to be listing.
This interview is supplementary to the PDS and does not contain all material information about the offer.
About the offer
Lodestone is primarily raising capital through the offer to facilitate continued construction of new solar farms and the expansion of their customer base as well as for general corporate purposes.
Lodestone is expected to be listed on the NZX Main Board with the ticker code ‘LOD’, and won’t be applying to list on any other public exchanges.
Key dates
The intended key dates for the offer are:
Offer opens on Sharesies | 29 September 2026 |
Offer closes on Sharesies | 4 PM on 14 October 2026 |
Shares are issued | 21 October 2026 |
Shares are quoted | 22 October 2026 |
Expected commencement of trading on the NZX Main Board | 22 October 2026 |
This timetable is indicative only and the dates may change.
Still have questions?
Not necessarily. If the offer is oversubscribed, applications may be scaled back.
No. Lodestone doesn’t intend to pay a dividend before 2032 at the earliest. It's a growth company reinvesting its cash flow into new solar farms.
Lodestone can withdraw the offer at any time before shares are allotted. The offer also won't proceed if the minimum amount of $75 million isn't raised.
If the offer doesn't go ahead, you'll get your application money back, without interest. It'll be refunded to your Sharesies Wallet as soon as reasonably practicable after the decision to withdraw the offer is announced..
The full PDS [PDF, 6.24 MB] and Offer Register have the complete details, including identified risks to Lodestone’s business and plans.
Learn more about IPOs
Now for the legal bit
This page has been prepared by Sharesies for general informational purposes only. It does not constitute financial advice and is not an endorsement or recommendation to invest in Lodestone Energy Limited. Sharesies is acting as co-manager for the offer and is receiving payment in that role.
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.