Founder exits vital to $34 billion value created by NZ ‘unicorns’, says Callaghan

Founder exits vital to $34 billion value created by NZ ‘unicorns’, says Callaghan
Pattrick Smellie
By Pattrick Smellie April 8 (BusinessDesk) - Company founders’ willingness to sell to a new owner or welcome new shareholders has been vital to New Zealand businesses that have created around $34 billion of value in the last 15 years, says a new report from Callaghan Innovation. Drawing on public records of market capitalisation, capital-raising and takeovers involving high-growth New Zealand companies, the “Growing the Pie” report challenges perceptions that foreign ownership has been bad for New Zealand-founded companies and suggests th...

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