155 year-old NZX on life support

Brian Gaynor
Sat, 14 Aug 2021

155 year-old NZX on life support
The depth of Australian capital markets is a major challenge for the NZX. (Image: Getty)
Brian Gaynor
Sat, 14 Aug 2021
This week’s announcement that NZX-listed ikeGPS Group has raised A$21.3 million (NZ$22.3m) of new equity through an Australian broker is another nail in the coffin for our struggling sharemarket operator.It demonstrates that the NZX business model is broken, the stock exchange’s ecosystem of domestic brokers is rapidly dissolving and the company has little choice but to focus on funds management, as have most NZ broking firms.On a positive note, we are in an age of innovation and disruption and there is a great opportunity for a new...

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