Glut of IPOs allowing investors to be 'choosy'

  • 25/06/2014

The highlight of the New Zealand share market lately has been the number of new share floats.

However one planned IPO, Hirepool, has had to be cancelled while another, Serko, saw investors lose money on the first day of trading.

So is our market suffering from an oversupply of new companies?

Fat Prophets managing director Greg Smith says there are plenty happening, with more to come thanks to the past couple of years of gains – and investors can afford to be choosy.

And has the enthusiasm for tech IPOs finally waned?

Watch the video for the full interview.

source: newshub archive