CORRECT: Investors not yet ready for secondary market in crowd-funded equities, platforms say

Wed, 12 Jul 2017

(Clarifies timing of NZX market structure review in 2nd paragraph) By Sophie Boot July 12 (BusinessDesk) - Licensed stock market operator NZX is abandoning its plans to develop a market for small and medium-sized companies, but crowdfunding platforms say they're yet to see enough demand to build a secondary market for the share sales they facilitate. The public market operator's NXT and New Zealand Alternative Market, known as the NZAX, will probably be absorbed into the main board due to limited uptake by companies and generally low...

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