The head of the stock exchange says the pipeline of companies considering listing on the NZX is looking strong.
Building Society Holdings, now known as Heartland, has been the only company to list on the stock exchange's main board this year.
Kathmandu, DNZ Property Fund and Ecoya are the only other firms to have listed in the last two years, while companies like BioVittoria and Synlait shelved their plans to list because of a lack of interest.
But NZX chief executive Mark Weldon insists a lack of initial public offerings doesn't mean the capital markets are failing.
Equally important is existing companies raising capital, he says, as Contact Energy, Fletcher Building and Argosy have done.
Mr Weldon says from next year, the market's main focus will be on the possible part-privatisation of state-owned assets.
In the meantime, he says, six reasonable-sized companies are in the pipeline for possible listings.
