NZX – Where did all the IPOs go?

NZX trading value has increased since 2015 but at a rate lower than the increase in the market’s capitalisation. (Image: Getty)

Brian Gaynor

Sat, 29 Jan 2022

It is time to assess the 2021 performance of the New Zealand Stock Exchange (NZX), mainly in terms of its core objectives rather than its investment performance.The primary objective of a stock exchange is to enable companies to raise capital and to have robust trading platforms that encourage investors to participate in these equity raisings.It is also an appropriate time to assess the domestic bourse because James Miller, who was appointed to the board in 2010, has been chairman since May 2015 and Mark Peterson started as chief executive in e...

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