Why Plexure stayed on the NZX

Fri, 20 Nov 2020

Unexpectedly strong support from New Zealand shareholders helped keep Plexure's roots on the NZX, despite an initial plan to move across the ditch. Earlier this month the mobile marketing company raised $32 million in a fully subscribed placement, conditional on a successful application for a secondary listing on the Australian stock exchange.Plexure initially planned to shift its primary listing to the ASX and re-classify as foreign exempt on the NZX, but chief executive Craig Herbison said feedback from local market participants con...

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