NZ Herald
  • Home
  • Latest news
  • Herald NOW
  • Video
  • New Zealand
  • Sport
  • World
  • Business
  • Entertainment
  • Podcasts
  • Quizzes
  • Opinion
  • Lifestyle
  • Travel
  • Viva
  • Weather

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • New Zealand
    • All New Zealand
    • Crime
    • Politics
    • Education
    • Open Justice
    • Scam Update
  • Herald NOW
  • On The Up
  • World
    • All World
    • Australia
    • Asia
    • UK
    • United States
    • Middle East
    • Europe
    • Pacific
  • Business
    • All Business
    • MarketsSharesCurrencyCommoditiesStock TakesCrypto
    • Markets with Madison
    • Media Insider
    • Business analysis
    • Personal financeKiwiSaverInterest ratesTaxInvestment
    • EconomyInflationGDPOfficial cash rateEmployment
    • Small business
    • Business reportsMood of the BoardroomProject AucklandSustainable business and financeCapital markets reportAgribusiness reportInfrastructure reportDynamic business
    • Deloitte Top 200 Awards
    • CompaniesAged CareAgribusinessAirlinesBanking and financeConstructionEnergyFreight and logisticsHealthcareManufacturingMedia and MarketingRetailTelecommunicationsTourism
  • Opinion
    • All Opinion
    • Analysis
    • Editorials
    • Business analysis
    • Premium opinion
    • Letters to the editor
  • Politics
  • Sport
    • All Sport
    • OlympicsParalympics
    • RugbySuper RugbyNPCAll BlacksBlack FernsRugby sevensSchool rugby
    • CricketBlack CapsWhite Ferns
    • Racing
    • NetballSilver Ferns
    • LeagueWarriorsNRL
    • FootballWellington PhoenixAuckland FCAll WhitesFootball FernsEnglish Premier League
    • GolfNZ Open
    • MotorsportFormula 1
    • Boxing
    • UFC
    • BasketballNBABreakersTall BlacksTall Ferns
    • Tennis
    • Cycling
    • Athletics
    • SailingAmerica's CupSailGP
    • Rowing
  • Lifestyle
    • All Lifestyle
    • Viva - Food, fashion & beauty
    • Society Insider
    • Royals
    • Sex & relationships
    • Food & drinkRecipesRecipe collectionsRestaurant reviewsRestaurant bookings
    • Health & wellbeing
    • Fashion & beauty
    • Pets & animals
    • The Selection - Shop the trendsShop fashionShop beautyShop entertainmentShop giftsShop home & living
    • Milford's Investing Place
  • Entertainment
    • All Entertainment
    • TV
    • MoviesMovie reviews
    • MusicMusic reviews
    • BooksBook reviews
    • Culture
    • ReviewsBook reviewsMovie reviewsMusic reviewsRestaurant reviews
  • Travel
    • All Travel
    • News
    • New ZealandNorthlandAucklandWellingtonCanterburyOtago / QueenstownNelson-TasmanBest NZ beaches
    • International travelAustraliaPacific IslandsEuropeUKUSAAfricaAsia
    • Rail holidays
    • Cruise holidays
    • Ski holidays
    • Luxury travel
    • Adventure travel
  • Kāhu Māori news
  • Environment
    • All Environment
    • Our Green Future
  • Talanoa Pacific news
  • Property
    • All Property
    • Property Insider
    • Interest rates tracker
    • Residential property listings
    • Commercial property listings
  • Health
  • Technology
    • All Technology
    • AI
    • Social media
  • Rural
    • All Rural
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology
    • Opinion
    • Audio & podcasts
  • Weather forecasts
    • All Weather forecasts
    • Kaitaia
    • Whangārei
    • Dargaville
    • Auckland
    • Thames
    • Tauranga
    • Hamilton
    • Whakatāne
    • Rotorua
    • Tokoroa
    • Te Kuiti
    • Taumaranui
    • Taupō
    • Gisborne
    • New Plymouth
    • Napier
    • Hastings
    • Dannevirke
    • Whanganui
    • Palmerston North
    • Levin
    • Paraparaumu
    • Masterton
    • Wellington
    • Motueka
    • Nelson
    • Blenheim
    • Westport
    • Reefton
    • Kaikōura
    • Greymouth
    • Hokitika
    • Christchurch
    • Ashburton
    • Timaru
    • Wānaka
    • Oamaru
    • Queenstown
    • Dunedin
    • Gore
    • Invercargill
  • Meet the journalists
  • Promotions & competitions
  • OneRoof property listings
  • Driven car news

Puzzles & Quizzes

  • Puzzles
    • All Puzzles
    • Sudoku
    • Code Cracker
    • Crosswords
    • Cryptic crossword
    • Wordsearch
  • Quizzes
    • All Quizzes
    • Morning quiz
    • Afternoon quiz
    • Sports quiz

Regions

  • Northland
    • All Northland
    • Far North
    • Kaitaia
    • Kerikeri
    • Kaikohe
    • Bay of Islands
    • Whangarei
    • Dargaville
    • Kaipara
    • Mangawhai
  • Auckland
  • Waikato
    • All Waikato
    • Hamilton
    • Coromandel & Hauraki
    • Matamata & Piako
    • Cambridge
    • Te Awamutu
    • Tokoroa & South Waikato
    • Taupō & Tūrangi
  • Bay of Plenty
    • All Bay of Plenty
    • Katikati
    • Tauranga
    • Mount Maunganui
    • Pāpāmoa
    • Te Puke
    • Whakatāne
  • Rotorua
  • Hawke's Bay
    • All Hawke's Bay
    • Napier
    • Hastings
    • Havelock North
    • Central Hawke's Bay
    • Wairoa
  • Taranaki
    • All Taranaki
    • Stratford
    • New Plymouth
    • Hāwera
  • Manawatū - Whanganui
    • All Manawatū - Whanganui
    • Whanganui
    • Palmerston North
    • Manawatū
    • Tararua
    • Horowhenua
  • Wellington
    • All Wellington
    • Kapiti
    • Wairarapa
    • Upper Hutt
    • Lower Hutt
  • Nelson & Tasman
    • All Nelson & Tasman
    • Motueka
    • Nelson
    • Tasman
  • Marlborough
  • West Coast
  • Canterbury
    • All Canterbury
    • Kaikōura
    • Christchurch
    • Ashburton
    • Timaru
  • Otago
    • All Otago
    • Oamaru
    • Dunedin
    • Balclutha
    • Alexandra
    • Queenstown
    • Wanaka
  • Southland
    • All Southland
    • Invercargill
    • Gore
    • Stewart Island
  • Gisborne

Media

  • Video
    • All Video
    • NZ news video
    • Herald NOW
    • Business news video
    • Politics news video
    • Sport video
    • World news video
    • Lifestyle video
    • Entertainment video
    • Travel video
    • Markets with Madison
    • Kea Kids news
  • Podcasts
    • All Podcasts
    • The Front Page
    • On the Tiles
    • Ask me Anything
    • The Little Things
  • Cartoons
  • Photo galleries
  • Today's Paper - E-editions
  • Photo sales
  • Classifieds

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In
Advertisement
Advertise with NZME.
Home / Business / Markets

Stock Takes: How Sharesies plans to entice new companies to list on the NZX

Tamsyn Parker
By Tamsyn Parker
Business Editor·NZ Herald·
15 Sep, 2022 05:00 PM5 mins to read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  Sign in here

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save

    Share this article

    Reminder, this is a Premium article and requires a subscription to read.

Susannah Batley, Head of Equity Capital Markets and Company Partnerships from Sharesies. Photo / Dean Purcell

Susannah Batley, Head of Equity Capital Markets and Company Partnerships from Sharesies. Photo / Dean Purcell

This year is looking like one of the few in which New Zealand's share market could see no initial public offers.

But retail investor platform Sharesies is trying to change that.

Susannah Batley, head of equity capital markets and company partnerships at Sharesies, told Stock Takes it was in talks with companies looking to list in the next 12 to 18 months

"We haven't seen many IPOs recently and I think one of the challenges for small to medium companies, or companies that are early stage, is that it is hard to get market support to list.

"We have got three large brokers that are now very big and so very large companies wanting to IPO might get that support but it is not available for all companies."

Advertisement
Advertise with NZME.

She said Sharesies wanted to help bridge the gap and provide another option for companies wanting to list and connect with retail investors.

"We are talking to quite a few companies at the moment that are looking to list in the next 12 to 18 months. A lot of them are growth companies. We have got a reasonable understanding of our base and what sorts of industries and companies they might be interested in - so we take that lens to it."

Batley said technology and high-growth industries were popular with Sharesies' 600,000 users, as well as consumer-facing companies.

Advertisement
Advertise with NZME.

"Consumer-facing industries are also widely held across the Sharesies base so companies that they [Sharesies investors] might be a customer of. They understand the business model can be quite attractive."

Batley, a former investment banker with Cameron Partners, said Sharesies could help businesses looking to reach retail investors.

"Sharesies can add a lot of value because it is all about that PR and profile-building as you are coming up to listing."

She believes next year will be a better one for companies coming to market.

"We are in discussions with quite a few that are seriously looking at it next year.

"We are also seeing a lot of companies consider the direct listing route."

That means they don't raise capital at the time of listing, but can do so three months later. It's an option that means a company can avoid choppy periods and raise capital when the market is more positive.

Rights issues

This is not Sharesies' first foray into areas usually covered by traditional broking houses.

Advertisement
Advertise with NZME.

Batley says the investment platform has also become more involved in rights offers this year, as more companies use such schemes to raise capital in a way that is fairer to all shareholders.

"With rights offers you can have a shortfall at the end and that is typically covered by a bookbuild where the price is set by institutional investors."

But now Sharesies is able to participate as an institutional investor on behalf of its members.

"We have built the technology so all Sharesies investors can put in their maximum price as well as their volume, so we can aggregate across all of that and now for the first time Sharesies retail investors are helping to set that price as well rather than being a price taker."

Batley said that was a game-changer for retail investors.

Large institutional investors also get regular access to chief executives and board chairs but that is much harder for smaller investors.

However Batley said Sharesies was enabling that access through webinars with CEOs.

Air New Zealand chief executive Greg Foran fronted up to answer investors' questions during its capital raising.

"Similarly for the ANZ rights offer, we had the managing director of ANZ Group Shayne Elliott on a webinar.

"These companies, they want to do that. They really do want to get in front of retail investors. That is where Sharesies can be that partner."

Batley said there was very strong appetite from its users for the capital raises.

"We have seen them really engage with the offers. With Air NZ we got a lot of questions coming through ... particularly at the beginning as they were grappling with the offer.

"It was fantastic to see them really get to grips with it."

Moved on from '87 crash?

Batley said it appeared younger generations were moving on from the negativity associated with shares after the 1987 crash.

"I think more and more we are talking about money and investing as an everyday thing and not taboo. I grew up with a lot of my friends' parents talking about the '87 crash and it was very negative.

"I think we have changed that conversation, which is really encouraging. There is still a lot of work to go, which is why we continue to very heavily invest in education so that it really is accessible."

The share markets have been in for a rough ride this year, and this week delivered another major meltdown as US markets reacted strongly to high inflation.

Batley said despite the volatility, Sharesies was not seeing big selldowns or withdrawals from investors.

"We are seeing slightly lower amounts being invested."

She said some investors were selling high-growth, highly volatile stocks and moving into more defensive stocks.

"We are seeing investors look at their portfolio and make rebalancing adjustments."

AGM voting

Sharesies also announced this week that for the first time it would offer its users the ability to vote online on proposals put forward by NZX-listed companies in which they own shares.

Until now the custodial model used by the online trading company has meant that its users couldn't vote on resolutions put forward at company annual general meetings.

Sharesies holds investors' money and investments "on bare trust", which means its nominee company holds shares on an investor's behalf.

Save

    Share this article

    Reminder, this is a Premium article and requires a subscription to read.

Latest from Markets

Shares

Former CFO of failed insurer CBL to pay $1.2m for continuous disclosure breaches

26 Jun 11:50 PM
Premium
Stock takes

Stock Takes: Why NZ's sharemarket is falling behind global counterparts

26 Jun 09:00 PM
Premium
Shares

Market close: Fonterra leads NZ sharemarket rise

26 Jun 06:15 AM

Kaibosh gets a clean-energy boost in the fight against food waste

sponsored
Advertisement
Advertise with NZME.

Latest from Markets

Former CFO of failed insurer CBL to pay $1.2m for continuous disclosure breaches

Former CFO of failed insurer CBL to pay $1.2m for continuous disclosure breaches

26 Jun 11:50 PM

Carden Mulholland’s actions were described as 'serious and far-reaching'.

Premium
Stock Takes: Why NZ's sharemarket is falling behind global counterparts

Stock Takes: Why NZ's sharemarket is falling behind global counterparts

26 Jun 09:00 PM
Premium
Market close: Fonterra leads NZ sharemarket rise

Market close: Fonterra leads NZ sharemarket rise

26 Jun 06:15 AM
Premium
Market close: NZ sharemarket flat despite export growth, Fletcher Building down again

Market close: NZ sharemarket flat despite export growth, Fletcher Building down again

25 Jun 06:21 AM
Engage and explore one of the most remote places on Earth in comfort and style
sponsored

Engage and explore one of the most remote places on Earth in comfort and style

NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • NZ Herald e-editions
  • Daily puzzles & quizzes
  • Manage your digital subscription
  • Manage your print subscription
  • Subscribe to the NZ Herald newspaper
  • Subscribe to Herald Premium
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • Rotorua Daily Post
  • Hawke's Bay Today
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven Car Guide
  • iHeart Radio
  • Restaurant Hub
NZME
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • NZME Events
  • © Copyright 2025 NZME Publishing Limited
TOP