Sea Harvest to raise up to R1.3bn in Johannesburg IPO

South African fishing company Sea Harvest will raise as much as R1.3-billion ($100-million) in a stock market flotation that values the company at R3.4-billion, it said on Monday. The Sea Harvest Group, whose main business is fishing hake and prawns and processing the catch into frozen and chilled seafood, will sell about 92-million shares, or a 38.7% stake, at between R12 and R14.50 each.