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 sharemaket up 0.1% despite 'volatile' markets
Markets Market Close

NZ sharemaket up 0.1% despite 'volatile' markets

The S&P/NZX 50 Index closed at 12,338.57, up 18.38 points or 0.15%.

NZX-listed companies take stock in wake of US tariff moves
Economy

NZX-listed companies take stock in wake of US tariff moves

Wine makers, manufacturers and others mull what trade wars will bring.

Analysts struggle to find upside from Trump tariffs
Economy

Analysts struggle to find upside from Trump tariffs

‘They've forgotten the lessons of the Great Depression,’ one analyst said.