New NXT market unlikely to launch until at least March

Mon, 26 Jan 2015

By Fiona Rotherham Jan. 26 (BusinessDesk) - The New Zealand stock exchange's NXT growth market probably won't have listings in place for a launch until at least March, six months after it gained Financial Market Authority approval for listing rules and market registration. Market operator NZX has been drumming up support for the less onerous NXT market, which is designed for companies with a market capitalisation of $10 million to $100 million and will have a simpler disclosure regime than the NZX main board, using key operating metrics r...

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