NZ equity crowdfunding market may be headed for shakeout as 8th platform seeks approval

Wed, 09 Sep 2015

By Fiona Rotherham Sept. 9 (BusinessDesk) - New Zealand's nascent equity crowdfunding market may be heading for a shakeout as an eighth platform, Property Mogul, seeks regulatory clearance to start operations. The Financial Markets Authority recently approved a seventh equity crowdfunding platform which is being run by Hong Kong-based Propellar Corp, while the backers of Property Mogul, based solely on property crowdfunding, say they are in the throes of gaining regulatory approval. There is no limit under the Financial Markets Conduc...

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