NZX signals days are numbered for NXT small cap experiment

Mon, 26 Jun 2017

By Tina Morrison June 27 (BusinessDesk) - NZX, New Zealand's dominant financial marketplace, is likely to consolidate its three equity markets onto a single board after its smaller cap markets failed to find support. The Wellington-based bourse is reviewing its current equity market structure in response to feedback that it's not meeting the needs of the smallest listed companies, it said in a statement. It is mulling whether smaller companies could be subject to different requirements as part of a simplified structure that could combine...

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