Friday 15th December 2000
|Text too small?|
Planned and actual listings on the New Capital Market outnumbered Stock Exchange main board entries in a year heavy on variety but light on capital weight.
Nine companies listed on the NCM and two more listings are planned this year, but sharebrokers are already complaining the rules are too onerous. Selector Group (E-Opportunities) has already graduated to the main board and others are likely to do so next year.
Nine companies - BeautyDirect, Cadmus Technology, Frucor, GDC Communications, Genesis Research & Development, National Mail, Powerco, RMG and Vending Technologies - gained main board listings. There was also a spate of "backdoor" listings as companies were backed into listed shells.
Technology companies had a rocky ride, with two "tech wrecks" sending the Nasdaq index spiralling downward, but the sector still saw a steady flow of listings and venture capital deals.
No comments yet
RBNZ steps up BNZ supervision after capital calculation breaches
Beehive lobbied for revised StuffME deal
Ebos shares fall 9.5% as biggest shareholder sells at a discount
ComCom unmoved by warning on fibre investment in draft regime
BREAKING: Govt adds vital infrastructure to overseas investment test
Judges recommend changes to help Chinese litigants
Napier Port beats FY forecast; monitoring log export outlook
A2 shares surge on stronger margin outlook
A2 raises operating profit margin expectations
Arvida on track as first-half profit climbs 47%