![Eric Watson: Plenty of cash for new firms](/pf/resources/images/placeholders/placeholder_l.png?d=798)
Eric Watson: Plenty of cash for new firms
According to the NZX, there is a gap in our capital markets infrastructure that hampers small and mid-sized companies' abilities to raise capital.
According to the NZX, there is a gap in our capital markets infrastructure that hampers small and mid-sized companies' abilities to raise capital.
NZ Stocks rose led by Pacific Edge as investors re-evaluate prices of tech stocks after the recent a sell-off in the sector worldwide.
New Zealand shares followed Wall Street lower as investors question whether tech and high-growth companies can deliver the earnings growth implied by their valuations. Pacific Edge led the NZX 50 Index lower, while Xero and Diligent Board Member Services
The level of activity on the NZX grew for an 18th month in February, though the value of transactions was lower than the same month last year.
The NZX will run out of steam unless companies, particularly the larger ones, can take advantage of the stronger economy, writes Brian Gaynor.