NZX proposes higher listing bar, looser reporting rules

Wed, 11 Apr 2018

By Paul McBeth April 11 (BusinessDesk) - NZX will ditch its small-cap markets and introduce a higher minimum capitalisation in proposed changes to listing rules, which would also let firms file pared-back first-half financial information. The stock market operator wants feedback on its second round of consultation as it overhauls its rules and processes in an effort to revive investor interest in the local market. NZX had already signalled plans to drop its NZ Alternative and NXT markets and had toyed with the idea of allowing easier disc...

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