Kia ora koutou
Alert Level 1, the first All Blacks rugby match in nearly a year, electioneering – what a weekend it was! I’m not going to get complacent, but how fantastic it is to see everyone out supporting local cafes and restaurants again, providing a welcome boost for our economy.
While we all know that significant challenges still lie ahead, investors should take heart from the significant opportunities that now exist within our technology sector. This is a point I emphasised in the report recently published by NZX, ‘Influencing New Zealand’s Future with Tech’. The report provides a snapshot of the tech sector and seeks to demystify the listed market, looking at two stand-out Kiwi tech companies, Pushpay and Rakon, both of which are also TIN companies.
The growth in market capitalisation of many listed TIN companies over the past 12 months, including the COVID-19 period, has been extraordinary. This presents an immense opportunity for the NZX, because demonstrating that we can build really big, resilient successful companies will attract more local and foreign investors in Kiwi technology companies, ultimately propelling the tech sector to become the largest export sector in New Zealand, and transforming our economy as a result. Let’s make sure we don’t lose sight of that as we start to find our feet again.
One way to start doing this is by joining TIN online at Tech Pulse 2020, between 18-20 November, where we will launch this year’s TIN Report! See below for more info and registrations.
Greg & the TIN Team
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