Menu
NZX reviews capital markets in bid to attract IPOs

NZX reviews capital markets in bid to attract IPOs

NZX and Financial Markets Authority explore options

Credit: Dreamstime

The New Zealand Stock Exchange (NZX) and the country's financial regulator have begun a review of its capital markets in a bid to rekindle interest in equity listings.

"This review responds to concerns expressed about the overall depth and breadth of our capital markets," Financial Markets Authority (FMA) CEO Rob Everett said.

The Capital Markets 2029 review will come up with recommendations to attract more participants and boost product diversity over a ten-year period, NZX and the regulator said in a joint statement.

NZX, which has been making strategic changes to draw more liquidity and more new listings, said in October it would move to a single equity board from 1 July 2019 as its two junior equity markets failed to attract companies.

The exchange also signed a deal with U.S. exchange Nasdaq last year to explore opportunities in dual listings and depository receipts, aiming to attract share sales by providing greater access to overseas markets.

The initial costs of the review will be funded by NZX and FMA, with the findings due to be published in third quarter.

(Reporting by Aditya Soni in Bengaluru; Editing by Alexander Smith)


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags IPONZX

Featured

Slideshows

Reseller News welcomes industry figures for 2019 Hall of Fame lunch

Reseller News welcomes industry figures for 2019 Hall of Fame lunch

Reseller News welcomed 2018 inductees - Chris Simpson, Kendra Ross and Phill Patton - to the third running of the Reseller News Hall of Fame lunch, held at the French Cafe in Auckland. The inductees discussed the changing landscape of the technology industry in New Zealand, while outlining ways to attract a new breed of players to the ecosystem. Photos by Gino Demeer.

Reseller News welcomes industry figures for 2019 Hall of Fame lunch
Upcoming tech talent share insights at inaugural Emerging Leaders Forum 2019

Upcoming tech talent share insights at inaugural Emerging Leaders Forum 2019

The channel came together for the inaugural Reseller News Emerging Leaders Forum in New Zealand, created to provide a program that identifies, educates and showcases the upcoming talent of the ICT industry. Hosted as a half day event, attendees heard from industry champions as keynoters and panelists talked about future opportunities and leadership paths and joined mentoring sessions with members of the ICT industry Hall of Fame. The forum concluded with 30 Under 30 Tech Awards across areas of Sales, Entrepreneur, Marketing, Management, Technical and Human Resources. Photos by Gino Demeer.

Upcoming tech talent share insights at inaugural Emerging Leaders Forum 2019
Show Comments