NZX struggling to attract successful new listings

There have been eight new NZX listings over the past six months, four IPOs and four direct listings.

Sat, 06 Mar 2021

The dramatic announcement that Peter Beck’s Rocket Lab will list on the Nasdaq illustrates the uphill battle facing the NZX.NZX’s management team is working extremely hard to attract new listings but the exchange is struggling to gain material momentum because of the woeful governance and inadequate regulation of the domestic bourse from the early 1980s until well into the 2000s.The stock exchange also hasn’t been assisted by IPO lead managers. Nevertheless, there have been eight new NZX listings over the past six months,...

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