NZX has reached agreement in principle with Edison Investment Research to provide research on companies listing on its new exchange, NXT.
NXT is aimed at getting small to mid-sized companies listed. NZX says the provision of independent research on all NXT listed companies is a key design feature of the market, which aims to provide quality, frequent information to investors.
The NXT company research reports will be publicly available. Standard research includes an initiation report, follow up reports after the release of each of NXT company’s half year and full year results, and special reports where applicable.
“Currently there is a lack of research on many small to mid-sized NZX listed companies," NZX Head of Markets Aaron Jenkins says.
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