Catalist: a new stock exchange for small businesses

Catalist: a new stock exchange for small businesses
New listings are able to do a “mini-IPO” with a share issue worth up to $2m when they first ‘go public’. (Image: Getty)
Dan Brunskill
A new exchange designed for small and medium-sized businesses is opening to the public later this month, providing a new pathway for companies to trade shares and raise capital.The online investment marketplace, called Catalist, allows investors to buy and sell financial products in regular auctions rather than with continuous trading.Chief executive Colin Magee said the platform would provide a stepping stone for businesses that want to raise capital or provide liquidity for shareholders but are too small to list on the NZX.“Small-to-med...

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