YEAR IN REVIEW: NZ stock investors ride wave of new listings

Mon, 29 Dec 2014

By Paul McBeth and Suze Metherell Dec. 30 (BusinessDesk) – The New Zealand stock market welcomed 16 companies to the bourse in 2014, raising $8.3 billion in equity capital and trumping a 2013 year that had been the busiest for listings in a decade. Initial public offerings added $6.6 billion of new capital to the stock market this year existing listed companies raised more than $1.7 billion via 165 capital raisings. Investors were drawn to a market where the benchmark NZX 50 Index is heading for an 18 percent annual gain, the third straig...

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