Mobile tech company VMob migrating to NZX main board after rapid share price rise

Thu, 07 Jan 2016

By Fiona Rotherham Jan. 8 (BusinessDesk) - VMob, the mobile advertising firm, is migrating to the main board of the NZX after its stock gained enough to lift its market capitalisation over the required $40 million mark. The NZAX-listed VMob was told by the stockmarket regulator, NZX, last September that it could join the main board if it almost doubled its market value to at least $40 million by the end of March and completed a $5 million private placement. The shares fell 1.9 percent to 51 cents today, valuing the company at $41.8 mil...

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