Catalist won't work, but I'd love it if it did

Catalist founder Colin Magee wants to help smaller companies grow.

Mon, 14 Jun 2021

At the end of May, NZX had 135 equities listed on its main board; ASX has 2,053, not far behind the about 2,800 or so listed on the New York Stock Exchange.These numbers put into stark relief the aspirations of a new exchange that wants to be a junior board, attracting companies worth between $6 million and $60m to list as an interim step before joining NZX.The new exchange, Catalist, has just gained a licence to operate and is aiming to have 16 companies listed in its first year and 200 within five years.This isn't the first attempt to cre...

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