Many New Zealand based companies have chosen to list on the ASX in order to diversify their access to capital and take advantage of the superior liquidity offered by the ASX market.
A company listed on the main board of the New Zealand Exchange can dual list on ASX as an ASX Foreign Exempt Listing without meeting the very high financial thresholds that apply to other ASX Foreign Exempt Listings. Instead, it must meet the same financial thresholds as an ASX Listing. As an ASX Foreign Exempt Listing, the company will be required to comply with the rules of the main board of the New Zealand Exchange, and only a small number of ASX’s Listing Rules.
The above list includes companies that are incoporated or, have a main place of operations, in New Zealand.