Snakk Media became the second firm to list on the NXT market yesterday after the digital advertising company shifted its listing to the new exchange from the NZAX.
NXT, targeted at growth businesses in the $10 million to $100 million valuation range, launched in June with the float of G3 Group, a business mail and document management business.
Snakk shares closed down 4 per cent at 4.8c last night.
NZX head of markets Mark Peterson said Snakk's listing was an important milestone for the new market, which will eventually replace the NZAX.
"With three main board listings and two NXT listings so far in 2015, it has been a quieter year than we expected on an equity market front," he said. "However, there are a range of exciting developments occurring in our markets including the listing by our Smartshares business of 12 new ETFs [exchange traded funds], strong interest in NZX's debt market, and impressive growth in dairy derivatives."
