Lodestone Energy receives firm investor commitments for IPO
New Zealand’s first significant IPO in five years positions renewable energy company for its next phase of growth.
MEDIA RELEASE:
AUCKLAND, NEW ZEALAND – 15 October 2026: Lodestone Energy has successfully received firm commitments for its initial public offering (IPO), marking a significant milestone for the company and New Zealand’s capital markets. The company is scheduled to list on the NZX at 12pm on Thursday 22 October 2026.
The IPO represents an important development for New Zealand’s capital markets, being the country’s first significant public offering in approximately five years. It also marks the next stage in Lodestone’s evolution from an emerging solar developer into an established renewable electricity generation and retail business.
Gary Holden, Managing Director and Founder of Lodestone Energy, said the successful offer, which introduced new institutional and retail shareholders, as well as further investment from existing shareholders, reflects the strength of the business and the significant opportunities ahead.
“This is an important milestone for Lodestone and for New Zealand’s capital markets. Bringing a significant new company to the NZX after a prolonged period of limited IPO activity is a positive development for the market.
“Lodestone enters this next phase with an established track record, operating generation assets, a differentiated business model and a clear pathway for continued expansion.
“The company’s ability to combine renewable generation with direct customer relationships provides an important competitive advantage and creates opportunities to deliver long-term value for both customers and shareholders.”
“New Zealand’s increasing electricity requirements provide a compelling opportunity for further renewable generation investment,” Holden said.
“Lodestone is well positioned to contribute to meeting that demand through the continued development of its solar generation portfolio supported by the expansion of its electricity retail business.
“The successful IPO provides a strong foundation for the company’s next stage of growth, and we look forward to welcoming our new shareholders next week.”
About Lodestone Energy
Lodestone Energy is a New Zealand renewable electricity generation and retail company established in 2019. The company develops, owns and operates utility-scale solar farms and sells electricity directly to commercial, business and residential customers.
With five operating solar farms, a sixth under construction and a substantial development pipeline, Lodestone is focused on expanding renewable electricity supply and supporting New Zealand’s transition to an increasingly electrified economy.
Disclaimer
Lodestone Energy Limited is the issuer of the shares to be issued under the offer to which this release relates. A product disclosure statement for the offer, which sets out the terms and conditions of the offer, is available, and can be obtained from https://disclose-register.companiesoffice.govt.nz/, offer number OFR15265. Prospective investors should consider the product disclosure statement before deciding whether to acquire Shares.
Nothing in this media release constitutes an invitation to subscribe for, or an offer of shares, securities or financial products to any person, in any country in which it would be unlawful to do so.