Equity crowdfunder Snowball Effect looks at launching secondary market

Wed, 09 May 2018

By Nikki Mandow May 9 (BusinessDesk) - Equity crowdfunder Snowball Effect is looking at launching a secondary market, potentially filling a hole left by the demise of the NZX’s two small-cap exchanges. Snowball Effect chief executive and co-founder Simeon Burnett told BusinessDesk the company is building and testing a prototype platform to let private companies put their shares up for trading at specific times of the year. This would give existing investors the opportunity to sell their shares - or buy more. Burnett said the prototype...

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