Is Kiwi Wealth hatching a sale of Hatch?

Is Kiwi Wealth hatching a sale of Hatch?
Hatch Invest has more than 120,000 users who have traded more than a billion dollars through the platform. (Photo: Supplied))
Dan Brunskill
Fund manager Kiwi Wealth is considering a sale of its retail trading platform Hatch after being approached by a potential buyer, BusinessDesk understands.Multiple sources have confirmed a possible sale of the digital investment platform is being explored, although the identity of the interested buyer remains a mystery.The platform, which gives NZ investors access to the US share market, is a part of Kiwi Group Holdings, which is government-owned via NZ Post, the NZ Super Fund and ACC.It was co-founded by Jakub Chodounsky, Jarred Sewell, Natalie...

More Markets

NZ sharemarket ends week up nearly 1.2%
Markets Market close

NZ sharemarket ends week up nearly 1.2%

The S&P/NZX 50 Index closed at 12,904.11, up 149.96 points or 1.18%.

Graham Skellern 20 Dec 2024
Marlborough Wine Estates' NZX delisting gets green light
Markets

Marlborough Wine Estates' NZX delisting gets green light

Cost savings were behind the decision to delist, the company says.

John Anthony 20 Dec 2024
Global private equity firm snaps up 50% of Craigs
Markets

Global private equity firm snaps up 50% of Craigs

Partnership with TA Associates tipped to accelerate Craigs' growth.

John Anthony 20 Dec 2024
ComCom delays Manawa takeover deal decision
Markets

ComCom delays Manawa takeover deal decision

Due on Dec 24, the decision will now be in March.

Ian Llewellyn 20 Dec 2024