Cheers mohawkThe short answer, from nzax web'The NZX Alternative...

Cheers mohawk

The short answer, from nzax web

'The NZX Alternative Market (NZAX) is the marketplace for small to medium-sized, fast growing businesses seeking a safe and efficient capital raising facility."

https://www.nzx.com/markets/NZAX

(That means, less compliance reporting, less fuss, less hassle when raising new capital; so they can focus on growing and not compliance paperwork.
Would be investors have to be do more DD.)


The long answer (137 pages) if you can spare the time.

www.nzx.com/files/staticNZAX_Listing_Rules_Final.pdf




re Xero

NZX - i guess 40%-50% of shh are in nz, so expect more volumes, and nzx open 2 hrs before asx; so can expect international buyers/sellers to trade via nzx.
Hope this helps.


When i first started xero thread in HC, abt Jan13
(after it cross-listed in asx, cA4.50, abt Nov 12),
only a handful was reading.
Then in Oct13 when it finally took off, A$30;
you know the rest of story of newly crowned 'Apple of Accounting', or 'Facebook of Accounting'.


Not many 'cautious' investors (esp fund-mgrs or stockbrokers) will follow unheard-of emerging companies like GeoOp; just like xero's journey last 5 years.

For small-timers- we are free to search for the next xero, or the next Apple!
High risk/volatility/reward, with risk mitigated by DD.

*Have you read Bronte Capital's tweedy(?), posted in xero/HC.



have fun!


dyor