NZX stories - Page 9

Trade Me shares soar post-IPO, hitting $2.90 with predictions of reaching $3, as investors respond to the NZX launch.

Telecom and Chorus shares rose on their NZX debut as separate entities, with Chorus up 11.26% to NZD $3.27 and Telecom rising 4.28% to NZD $2.02.

Woodward Research endorses Trade Me IPO, citing strong cash flows and profitability. The company to raise NZD $363.5 million from a 34% stake sale.

Financial uncertainty could drive businesses to embrace cloud tech, says an expert, as global stock markets react to the US credit rating downgrade.

Renaissance reclaims shares from ex-CEO Paul Johnston after a failed loan repayment, securing 604,470 shares worth nearly $100,000.

TechnologyOne secures eight major NZ customers, sealing deals worth millions over the past year, boosting its local workforce and outperforming rivals.

Telecom has revised its financial guidance and stated its willingness to work with the government on its fibre rollout.

It began 14 years ago with 17 shareholders putting up $5,000 each, but now CityLink has been completely gobbled up by the publically listed company TeamTalk.

Crown Fibre Holdings Chair Simon Allen remains tight-lipped on the CEO appointment, as the board gears up for a rapid Ultra Fast Broadband rollout.

Finzsoft has an excellent software product in Sovereign and it has high calibre and loyal customers in both New Zealand and Australia.

NZX unveils SciTech Index, spotlighting NZ's 'quiet achiever' firms excelling globally, aiming to boost local investor interest in booming sector.