First NZX tech listing in years surges 85%

First NZX tech listing in years surges 85%
TradeWindow founder and chief executive AJ Smith's 17% stake is now worth more than $23m as the company's market valuation has climbed to $137m. (Photo: supplied)
Dan Brunskill
Kiwi investors have jumped at the opportunity to invest in the first early-stage technology company to list exclusively on the NZX in almost seven years.TradeWindow, a software company that digitises and streamlines trade documentation, has seen its shares almost double in its first day as a listed company.It is the first technology company to join the NZX since Harmoney listed last year. Prior to that, the most recent set of software listings were in 2014.Investors hungry for locally listed growth stocks have pushed the stock up 85% to $1.70,...

More Markets

NZ sharemarket celebrates a near 1% Easter rise
Markets Market close

NZ sharemarket celebrates a near 1% Easter rise

The S&P/NZX 50 Index closed at 12,105.29, up 94.62 points or 0.79%.

Graham Skellern 28 Mar 2024
F&P Healthcare facing $12m bill for product recall
Markets

F&P Healthcare facing $12m bill for product recall

The company will provision the cost in its next full year results.

Staff reporters 28 Mar 2024
Synlait seeking help from major shareholder for $130m debt
Markets

Synlait seeking help from major shareholder for $130m debt

Synlait enters trading halt as it needs more time to come up with cash.