NXT to launch with compliance listing from private mail firm G3

Thu, 11 Jun 2015

By Suze Metherell June 11 (BusinessDesk) - G3 Group, a mail operations and document management company, will launch NZX's market for small- to medium-sized businesses with a compliance listing on the NXT market. The Auckland-based company is the first to join the new market on June 18, listing its 53.8 million shares at 75 cents a piece, giving it an implied market value of $40.4 million, but will not issue any new shares, according to the market announcement. The Wellington-based exchange operator's new platform comes with a less onerou...

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