CORRECT Snakk Media almost doubles on NZAX listing debut, signals share purchase plan in 2Q

Tue, 05 Mar 2013

(Fixes Phil Norman's relationship with Xero in 7th graph.) March 6 (BusinessDesk) - Snakk Media, the latest brainchild of Hyperfactory co-founder Derek Handley, almost doubled its share price upon listing on the stock exchange's small-cap NZAX bourse, and signalled plans for a share purchase plan in the second quarter. The stock traded at 12 cents, almost twice the 6.5 cents it listed at, in a compliance listing on the market, meaning no funds were raised. The first local listing of the year faced a small glitch with a stock exchange system...

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