Listing Funds

Realise the commercial potential of your Funds by Listing on NZX

Access liquidity to expand and achieve strategic objectives. Listing your fund is an important decision in its lifecycle and NZX has different paths to suit a variety of commercial goals.

Why list your fund on New Zealand’s exchange?

There are many benefits from listing on the NZX. Your fund will benefit from improved access to investors, increased global profile and access to liquidity.

Raise capital

Ready access to investors, both initially and ongoing

Increase liquidity

Operating in a tradable market creates the platform for shareholders to realise the value of their investments quickly

Enhance profile

Greater awareness of your fund and brand with media, the public and the global investment community

Improve integrity and credibility

Improved perception from investors, institutions and the market by meeting robust regulatory standards

Have trusted regulation

New Zealand offers a modern regulatory environment balancing the needs of both issuers and investors

Marketing

NZX supports funds from a marketing perspective through investor roadshows and spotlights

Starting the journey - what to consider

While listing your fund presents lots of growth opportunities, before you decide to list your fund, you should consider:

Telling your fund's story

Talking to your investors early and often is essential. A strong record of communication means you are more likely to attract new investors, and it means your current ones understand the fund’s strategy and growth initiatives

Increased disclosure and reporting requirements

Keeping the market informed is a key requirement of listing. It ensures your investors are participating in a fair and transparent market and will become a routine practice for your business

Strong governance

Fund directors owe duties to the fund, to its shareholders and wider stakeholders so it is important to have strong governance which supports the direction and growth of your fund

Market conditions

A public listed fund may be impacted by conditions outside your fund’s influence

Costs and fees

Additional costs are involved in an IPO or listing, maintaining a listing and raising additional capital. Although these costs arise from both the NZX and external advisers (e.g. lawyers, accountants) the majority are from the latter

Listing types

You need to make two key decisions about how to list your fund on NZX:

A decision around what type of fund you are offering
A decision whether to seek a primary listing with NZX, or a secondary listing if you are already listed in another jurisdiction.

ETF
Listed Investment Company