Davis Food Ingredients founder challenges NZX to 'reinvigorate' capital markets

NZX held its annual general meeting in Christchurch on Thursday. (Image: NZME)

Thu, 01 May 2025

The founder of a $320 million-a-year turnover business has told NZX management and board that they ought to do more to entice private businesses into listing.Daniel Coates, the founder and 24.6% owner of Davis Food Ingredients, bought NZX shares to attend the company’s annual general meeting on Thursday.After making clear he was not criticising the company's performance, Coates said he had been “disappointed” with the New Zealand sharemarket over the past decade.“It seems to have lost its spark,” he said, addin...

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