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 rises as Infratil, Spark drive gains
Markets Market close

NZ sharemarket rises as Infratil, Spark drive gains

New Zealand shares ended firmer after Infratil and Spark posted gains.

Rua Gold secures funding to step up hunt for NZ gold
Markets

Rua Gold secures funding to step up hunt for NZ gold

The funds will be used to carry out exploration over the next 12 to 18 months.

Former CBL CFO must pay $1.2m for disclosure breaches
Markets

Former CBL CFO must pay $1.2m for disclosure breaches

The case was a first for New Zealand courts, FMA says.

Investore buys New Lynn Bunnings site for $43 million
Property

Investore buys New Lynn Bunnings site for $43 million

Investore Property has struck a deal to acquire the Bunnings complex in New Lynn, Auckland.The company told the market on Friday it had entered an unconditional agreement to acquire the property for $43 million.The 2.2-hectare site at 2–12 Titirangi Rd features an 11,000sq m buil...