NZX may lose more listed companies in 2017 as IPO pipeline remains tepid

Wed, 15 Feb 2017

By Paul McBeth Feb. 15 (BusinessDesk) - The NZX may lose more companies this year as takeovers eat into the ranks of listed firms faster than new businesses elect to go public, says law firm Chapman Tripp. The stock market operator's initial public offering pipeline is looking thin, following a weak 2016 when just three companies went public, the law firm said in a report on New Zealand equity capital markets. That will probably lead to a decline in the number of issuers on the main board as foreign companies, such as APN News & Media, q...

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