NZX today announced that New Zealand investment bank Woodward Partners has been accredited as an NZX Sponsor.
An NZX Sponsor is an organisation that has been accredited by NZX as suitable for assisting a company to list securities on any of the NZX securities markets. NZX Sponsors can bring a new issue of securities to the market but they cannot distribute the new issue to investors. NZX Sponsors are generally banks, broker firms, accounting firms or law firms who are able to expand their client offerings by becoming an NZX Sponsor.
"Sponsor firms are a vital conduit to enable New Zealand businesses to access public capital to support their growth. Woodward Partners has a unique combination of onshore and offshore experience that will be a valuable addition to New Zealand's capital markets," said NZX Head of Markets Fiona Mackenzie.
"Woodward Partners is a new firm, but an experienced team. We're heartened that in our first year of operation we're already working with listed firms and we expect to bring new issues to the market in the next 12 months," said Woodward Partners' partner Mark Clare.
Woodward Partners provide advice and analysis to listed companies, private companies, government entities and entrepreneurs. The firm was founded in 2009 by Mark Clare, Nick Lewis and Mark Donnell, and has extensive experience advising companies in New Zealand as well as internationally.
