A flurry of new listings helped boost sharemarket operator NZX's interim profit and chief executive Tim Bennett says up to six more companies could go public this year, although rising geopolitical tensions or uncertainty around the outcome of next month's general election could throw a spanner in the works.
Cinema software operator Vista Group yesterday became the eighth company to go public on the local exchange this year.
New Zealand's initial public offering pipeline has experienced some hiccups in recent weeks, with shares in several newly listed firms - including software developers Gentrack, Serko and ikeGPS - falling below their issue prices amid challenging market conditions and a downturn in investor appetite for growth-focused technology stocks.
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