NZX Group profits rise 18% despite companies holding off on listings
NZX Group's half-year profit jumped 18 per cent as several companies await calmer markets before listing on the exchange.
NZX Group reported an after-tax profit of $9.8 million for the six months to June 30, up 18 per cent year-on-year. Several companies are in the NZX's IPO pipeline but are waiting for less volatile market conditions before proceeding with their listings.
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NZX sees IPO pipeline despite market volatility
Several companies are waiting for less volatile market conditions before proceeding with NZX listings, investors have been told. On Thursday, New Zealand’s stock exchange operator, NZX Group, posted an after-tax profit of $9.8 million for the six months to June…