The Mighty River Power share offer website was this afternoon
buckling under the weight of hits as would be investors
flocked to secure additional share entitlements.
The mightyrivershares.govt.nz website where individual New
Zealand investors can pre-register their interest in buying
shares in the state owned power generator later this year
went live this morning but by early afternoon may users were
experiencing difficulty getting onto the site.
Staff at the share offer's call centre advised trying again
"in a few hours".
Some users that were able to access the site reported
difficulties in completing the pre-registration.
Some investors on the ShareTrader.co.nz forum reported being
stymied repeatedly as they tried to confirm their
"If this is any indication of how the whole thing will be run
then most Kiwis will give up in despair or think they've
registered and end up missing out", said one.
"I wonder if the website was designed by Talent2", said
Others said they'd experienced no problems.
"I have registered the whole family and all the members of
the nearest cat colony - hopefully Gareth Morgan doesn't kill
them off before the IPO."
Prime Minister John Key yesterday said individual New Zealand
investors will be "favoured at every turn" of the sales
This morning Finance Minister Bill English and State Owned
Enterprises Minister Tony Ryall another sweetener this
morning in the form of an extra 25 per cent more shares than
those who don't pre-register if demand exceeds supply.