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New market of relevance to tech firms: NZX head of markets

Sathya Mithra Ashok | May 26, 2014
If all goes to plan, the NZX growth market, a new market for growing companies, will launch mid-year.

New listings to the NZAX will be stopped with the launch of the growth market, and the plan is to eventually move all firms currently on the NZAX to the growth market.

"Over time we will migrate companies from the NZAX to the growth market and potentially shut down the former. But that is months away, if not years. The focus now is to launch the growth market and to attract companies to it rather than necessarily change the NZAX," says Jenkins.

The NZAX currently has around 18 listed firms, and includes tech firms such as VMob and GeoOP.

 

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