More Kiwi firms may be lured to ASX by deeper investment pool as costs fall

Wed, 14 Oct 2015

By Fiona Rotherham Oct. 15 (BusinessDesk) - A two-year push by Australia’s stock exchange to entice Kiwi companies to list across the ditch is paying off and the trend is likely to accelerate following a reduction in compliance costs. ASX listing rule amendments allow Kiwi companies listed on the NZX main board to be recognised as foreign exempt entities, which means they save costs by not having to submit a prospectus. The ASX campaign was spurred by the New Zealand government’s partial sell-down of MightyRiverPower in 2013, sparking...

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