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

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards

Hundreds of leaders from the New Zealand IT industry gathered at the Hilton in Auckland on 17 November to celebrate the finest female talent in the Kiwi channel and recognise the winners of the Reseller News Women in ICT Awards (WIICTA) 2020.

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards
Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards

Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards

The leading female front runners of the New Zealand ICT industry joined together for the annual Reseller News Women in ICT Awards event at the Hilton in Auckland, during which hundreds of guests celebrated 13 outstanding individuals who won awards, chosen from more than 50 finalists representing over 30 organisations.

Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards
Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners

More than 500 channel leaders gathered in Auckland on 21 October at the ​Reseller News Innovation Awards ​2020 to celebrate the achievements of the New Zealand technology industry's top partners, start-ups, vendors, distributors and individuals.

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners
Show Comments