NZX listing costs to fall now prospective financial information to be optional

NZX listing costs to fall now prospective financial information to be optional
NZX CEO Mark Peterson is upbeat about changes. (Image: NZX)
Rebecca Howard
New Zealand’s capital markets will be more competitive now prospective financial information for initial public offers is to be made optional, said NZX chief executive Mark Peterson.“One of the most difficult and expensive requirements for a company when listing on the NZX is mandatory prospective financial information or PFI,” he said.“NZX understands the cost of providing PFI ranges from around $150,000 to $500,000 and is a major factor that causes New Zealand advisers to recommend companies list elsewhere where PFI is...

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