Harmoney listed on the New Zealand and Australian sharemarkets on Thursday. Harmoney’s debut on the Australian stock exchange failed to live up to its initial public offering price after a dual listing on Thursday. On the NZX, where it has a foreign exempt listing, the stock ended the day down nearly 5 per cent or 17.7c to $3.57. Kiwi buy-now, pay-later service Laybuy rocketed up more than 50 per cent after listing on the ASX on September 7. Robbie Urquhart, senior portfolio manager of Australian equities at Fisher Funds, said he also did not have a strong view on Harmoney but agreed it was early days.

Source: Stuff November 19, 2020 04:35 UTC