2013 was a record year for New Zealand’s equity capital markets with a steady stream of new offerings and rising numbers of both institutional and ‘mum and dad’ investors.
This publication explores the revival of New Zealand’s equity capital markets (ECM) from the global financial crisis (GFC). We discuss the factors that have contributed to the rebound, including the implications of the first government privatisation in over a decade. We also summarise the likely effects of the new Financial Markets Conduct Act, which will represent a fundamental rewrite of New Zealand’s securities framework.
Chapman Tripp has been involved in almost all of the major ECM developments discussed within this report. We have one of the largest, most highly regarded and truly national ECM teams in New Zealand with a reputation for acting on the country’s most significant and complex IPOs. We represent a mix of issuers, lead managers, underwriters, regulators and Government on their most important business-critical activities.