Stride Property's Investore subsidiary to join NZX 50 after bookbuild

Fri, 01 Jul 2016

By Sophie Boot July 1 (BusinessDesk) - Stride Property's wholly-owned subsidiary, Investore Property, will join the S&P/NZX 50 Index until at least September after it is spun off from Stride this month. Investore will list on the NZX 50 index and other S&P indices after the close of trade on July 6. It will be a member of the benchmark index and the other indices at least until the next rebalance in September when it will be reviewed for ongoing membership, said Douglas Beem, associate director of S&P Global. The planned listing and...

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