New Zealand could see a rebound in its capital markets this year but the number of publicly listed companies may still fall, a law firm is predicting.
Chapman Tripp's annual stock take of the equity markets says things are looking up for 2019 and 2020 after a tough couple of years.
Last year there were no new initial public offerings and in 2017 just one - Oceania Healthcare.
At the same time six companies de-listed from the main board – PGC, Tegel, Trilogy, Xero, Fliway and Opus and CBL Corporation also went into administration.
Three small companies migrated from the smaller boards onto the main board and one fund listed reducing the total decline to two.