155 year-old NZX on life support

155 year-old NZX on life support
The depth of Australian capital markets is a major challenge for the NZX. (Image: Getty)
Brian Gaynor
This week’s announcement that NZX-listed ikeGPS Group has raised A$21.3 million (NZ$22.3m) of new equity through an Australian broker is another nail in the coffin for our struggling sharemarket operator.It demonstrates that the NZX business model is broken, the stock exchange’s ecosystem of domestic brokers is rapidly dissolving and the company has little choice but to focus on funds management, as have most NZ broking firms.On a positive note, we are in an age of innovation and disruption and there is a great opportunity for a new...

More Opinion

Labour's Future Fund: a shaky policy debut
Opinion

Pattrick Smellie: Labour's Future Fund: a shaky policy debut

Labour's NZ Future Fund is more sizzle than sausage.

Pattrick Smellie 21 Oct 2025
RBNZ and the curious case of prudential stacks
Opinion

Andy Macdonald: RBNZ and the curious case of prudential stacks

The end result of the RBNZ’s capital review will be both revealing and fascinating.

Andy Macdonald 21 Oct 2025
Why govts can’t leave private assets alone
Opinion

David Chaplin: Why govts can’t leave private assets alone

Will politicians eventually ruin the reputation of the KiwiSaver regime?

David Chaplin 21 Oct 2025
A brush with Auckland’s unseemly side
Opinion

Maria Slade: A brush with Auckland’s unseemly side

Firms fear the city’s flagging reputation will deter much-anticipated extra traffic.

Maria Slade 20 Oct 2025