Sharesies worth more than NZX with $500m valuation

Sharesies worth more than NZX with $500m valuation
The three Sharesies CEOs – Brooke Roberts, Sonya Williams, and Leighton Roberts – each own a 5.4% stake, worth $27m apiece. (Photo: supplied)
Dan Brunskill
Sharesies latest capital raise, led by global venture firm Amplo, has more than tripled the investment platform’s value which is now worth half a billion dollars.The company was founded in 2017 with the goal of making investing in NZ equities easier but is now worth more than the stock exchange it first provided access to.If it were listed on the NZX, Sharesies would now have a market capitalisation just below fleet management firm Eroad – at $517m – and just above stock market operator NZX, worth $485m.The privately-owned inv...

More Markets

Fletcher dodges product recall in upbeat end to August for NZX 50
Markets

Fletcher dodges product recall in upbeat end to August for NZX 50

The S&P/NZX 50 Index rose 97.07 points, or 0.8%, to 12,447.68.

Paul McBeth 30 Aug 2024
Fletcher Building expects $168m hit from leaky pipes response
Markets

Fletcher Building expects $168m hit from leaky pipes response

Fletcher Building subsidiary Iplex Australia to cover 80% of repair costs.

John Anthony 30 Aug 2024
Ritchies posts $17m annual net loss
Markets

Ritchies posts $17m annual net loss

The bus operator's net loss widened from $8m to $17m in the year to March 31.

John Anthony 30 Aug 2024
Fletcher shares in trading halt as leaky pipes announcement looms
Markets

Fletcher shares in trading halt as leaky pipes announcement looms

Fletcher Building is awaiting an announcement from the Government of Western Australia.

John Anthony 30 Aug 2024