SunSeeker Energy (Australasia) Limited listed today, a new addition to the NZAX Market.
SunSeeker Energy develops solar power technology systems and have stated that they expect to commence production for markets in Asia, Australia and New Zealand this month.
Sunseeker Energy elected a compliance listing on the NZAX Market, highlighting this was a cost-effective option for them at their early stage of development.
NZX Markets Development Manager, Geoff Brown said, “When the NZAX Market was launched in 2003, eleven of the thirteen listings were compliance listings, which means the companies were not seeking capital from the public at the time they listed.
“Since then, many of these NZAX companies have gone back to the market and have very cost effectively raised over $120 million in secondary capital, with acquisitions and global opportunities following as a result,” said Brown.
Shares in SunSeeker Energy Limited were quoted on the NZAX Market under the security code SSE from 11am today.
