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

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