10 Jun 2021

New stock exchange for smaller companies

From Nine To Noon, 9:40 am on 10 June 2021

New Zealand has a new stock exchange - designed specifically for small and medium-sized businesses that are too small to list on the NZX.

The new exchange, called Catalist, has already been working in the private investment sector, and will open a public market from June 21st. 

It will target listings with an initial value of between $6 million and $60 million - which is considerably lower than what is expected for a traditional stock market listing. Kathryn speaks to the founder and CEO of Catalist, Colin Magee.

Stock exchange

Stock exchange Photo: 123RF