NZX tells VMob it needs to be bigger to graduate to main board

Thu, 17 Sep 2015

By Paul McBeth Sept. 17 (BusinessDesk) - NZX, the stock market regulator, has told mobile advertising firm VMob it needs to raise new capital and almost double its market value by the end of March if it wants to graduate to the main board. Auckland-based VMob, which delayed a dual listing on the ASX last month, has been told the NZX is willing to let it join the main board if it raises $5 million through a planned private placement, and attains a market capitalisation of at least $40 million by March 31, the company said in a statement....

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