New listings navigate Nasdaq tech wrecks

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.

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

CVT - Update on banking facilities
April 9th Morning Report
April 8th Morning Report
ATM - In principle agreement to settle shareholder class action
SUM - 1Q26 Metrics - Sales of Occupation Rights
GMT corporatised and stapled structure completed
April 7th Morning Report
KMD completes Placement and Institutional Entitlement Offer
SML - North Island asset sale completed
RAD - Radius Care Expansion Continues with Care Home Acquisition