For Investors

What is Catalist?

The simplest way for investors and businesses to connect and grow.

Catalist is New Zealand’s only licensed and regulated stock exchange, designed for investing in small and medium-sized businesses – which until now, could only be accessed privately.

Our secure online platform not only makes it possible for you to access these investment opportunities, but easier to keep track of and sell your investments.

Want to know more about why it is better to trade on a licensed stock exchange?

What we offer

Catalist Public Market

The Catalist Public Market acts like a traditional stock market, allowing you to buy and sell shares, debt securities and other financial products. This means as an investor, you have access to quality information on any listed businesses, as well as protection from market manipulation and insider trading.

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Catalist Private Markets

The Catalist Private Markets are a service we provide to some businesses on our platform, to help them manage trading amongst their private group of investors.

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Catalist Bespoke Markets

Catalist Bespoke Markets are like the Catalist Private Markets in that they are run by the business themselves and are not part of our public stock exchange. However the bespoke markets can be tailored to allow additional investors to access the market and invest in the business.

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Why invest?

Free account sign-up and low-cost trading

On the Catalist Public Market, it’s free for individuals to open an account and place orders in auctions – and you only pay a small fee if your order is successful. Read more about fees here.

Protection of a regulated market

When you trade on our public market, you will have the protections provided by the Financial Markets Conduct Act 2013, which relate to matters involving information disclosure, insider trading, market manipulation, substantial product disclosure and relevant interest disclosure. We are also required by the Financial Markets Authority (FMA) to monitor all trading to maintain a fair, orderly and transparent marketplace.

Easy information access

Your secure online account means you can find all the information you need to research investments in one place. Businesses on the Catalist Public Market are legally required to provide comprehensive information before each auction, so that you have everything you need to make good investment decisions.

Fair pricing

Buyers and sellers all get the same fair price of financial products, determined by the total supply and demand at each auction. This means the price you pay or receive may even be better than your order price.

Read more on how auctions work here.

Regular trading opportunities

Businesses commit to an agreed auction schedule, so you have regular opportunities to buy and sell financial products. This makes it easy to convert your investment back into cash by selling at an auction if you need to.

Online investment management

You have total control on our platform. This means you can buy, sell and view your investments on our marketplace through your secure online account. You can also see what your portfolio might be worth by looking at the most recent auction prices and volumes sold.

Support for Kiwi businesses

Small and medium-sized businesses are crucial to the growth of New Zealand’s economy and the creation of new jobs. By investing in these “mid-cap” businesses, you can help them grow into the large businesses of tomorrow.

Access to social impact investments

We’ve designed the market to enable social impact projects to connect with investors, in order to deliver social benefits, as well as financial returns. You’ll be able to see which listings are social impact projects in the information on our Market.

Read more about social impact investments here.

How does it work?

Unlike a traditional stock exchange that trades continuously, with Catalist, all trading is conducted through simple periodic auctions. This is because auctions have been shown to be the fairest mechanism for pricing financial products that do not continuously trade.

At each auction, the expected price of products is determined in real time, based on the total supply and demand from buyers and sellers. This means when the auction closes, all buyers and sellers pay or receive the same fair price for the financial products.

Bids and offers are given priority based on the competitiveness of their price and the time they were submitted.

If you’d like to know more about the auction process, have a read of our page on how auctions work.

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Invest now

If you’d like to start trading in our markets and expand your investment portfolio, sign up for a Catalist account today.

If you already have a Catalist account, take a look at our Market for the latest investment opportunities.