Sharesies worth more than NZX with $500m valuation

Sharesies worth more than NZX with $500m valuation
The three Sharesies CEOs – Brooke Roberts, Sonya Williams, and Leighton Roberts – each own a 5.4% stake, worth $27m apiece. (Photo: supplied)
Dan Brunskill
Sharesies latest capital raise, led by global venture firm Amplo, has more than tripled the investment platform’s value which is now worth half a billion dollars.The company was founded in 2017 with the goal of making investing in NZ equities easier but is now worth more than the stock exchange it first provided access to.If it were listed on the NZX, Sharesies would now have a market capitalisation just below fleet management firm Eroad – at $517m – and just above stock market operator NZX, worth $485m.The privately-owned inv...

More Markets

NZ sharemarket closes lower, tech stocks buoyed by Oracle update
Markets Market Close

NZ sharemarket closes lower, tech stocks buoyed by Oracle update

The S&P/NZX 50 Index closed down 0.35% or 47.09 points.

Average home insurance tops $2,000
Infrastructure Risky Business

Average home insurance tops $2,000

Insurance premiums in New Zealand have increased dramatically in recent years.

How RFK Jnr's Medicare reform could aid this NZ firm
Markets

How RFK Jnr's Medicare reform could aid this NZ firm

'Wild west' conditions hampered its US push. They could be changing.