Napier Port is planning an IPO
Napier Port aims to raise more than $200 million on the share market to help ease congestion woes.
The Hawke's Bay Regional Council is to list a 45% stake of the country's fourth-largest port after consultation with rate payers.
Funds raised will go to paying back debt and construction of a new wharf.
Brokers have estimated the launch price at between $2.27 and $2.60.
Hawke's Bay residents and port workers will have first priority for the 90 million available shares.