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Why do NZ companies list offshore?

Friday 15th March 2002

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Q: I was wondering why companies list on stock exchanges offshore? Is it to simply raise more capital?

A: Often companies have a secondary listing because they also have a shareholder base in the country of their dual listing.

For example, Tower had a secondary listing on the ASX and a large base of shareholders. They didn't raise any money when they listed there.

More often than not, a company is dual listed to maintain its profile within that investment community rather than to raise capital.

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