The Stock Exchange aims to demutualise and list on itself after mid-year, says managing director Bill Foster.
"We'd like to be pretty well set up by the middle of the year when the legislation is ready. There is no reason why it couldn't be achieved this year with the support of members."
A bill to demutualise the exchange has been tabled in Parliament and is expected to be passed by the end of May.
Mr Foster said he was quite open to the possibility of takeover after listing but also said a share cap would be considered to protect the exchange from an unwanted takeover.
NZSE director Eion Edgar said he was confident the exchange had a bright future despite the abrupt ending of merger negotiations with the Australian Stock Exchange on Thursday.
Mr Foster said the NZSE was now open to new approaches from other potential overseas partners.
It had deliberately avoided looking at other possibilities while the talks were underway.
- NZPA
NZSE could list mid-year
AdvertisementAdvertise with NZME.