Press Release

The Newcastle Stock Exchange has stormed on to the ASX, jumping almost 70 per cent ahead of its float price of 50 cents per share. The NSX raised $12 million in its float with institutional investors buying the majority of shares. Chief executive Michael Cox said the company is in negotiations to acquire the smaller Bendigo Stock Exchange, subject to regulatory approval. Mr Cox said NSX has 28 listed companies operating on its exchange, mainly in the industrial and resources sectors with seven more in the pipeline. By 1235 AEDT, shares in NSX were 84 cents or 68 per cent stronger than the 50 cents per share paid by investors in its initial public offering.