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New investor relations site up & running
As you may have heard, Trade Me became a publicly listed company on the New Zealand stock exchange (NZX) and the Australian stock exchange (ASX) on Tuesday. We're officially called Trade Me Group Ltd, and our stock ticker on both NZX and ASX is "TME".
If you're an investor, or you're interested in seeing investor-related information, please check out our new investor relations site. Kevin the Kiwi is kitted out as a fighter pilot on the landing page.
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News about Trade Me from Fairfax Media
We announced some big news for Trade Me back in August.
There are still lots of rules around what we can and can’t say, but we wanted to let you know Fairfax Media Limited, our parent company, has officially announced its plans for Trade Me today.
You can check out today’s release from Fairfax Media Limited here, and there is a microsite that has just gone live over at ipo.trademe.co.nz. More...
Vehicle listing promotion changes on the way
We wanted to give you a heads-up that from 22 November we are making some pricing changes for promoting vehicle listings.
The price to ‘feature’ a vehicle will now go from $19 to $24, the price of a Feature Combo will change from $24 to $29 and adding a subtitle will change from $2.95 to $5. All of these costs include GST.
We will be removing the fee to schedule an end time for a vehicle auction and classified listing. We’ll be adding a minimum $10 early withdrawal fee if a vehicle is removed from the site before the auction is due to end and is unsold. More...
Sell your boat or jetski and save $10!
List a jetski, motorboat, yacht or sailboat on Trade Me Motors before midnight 22 September, with an asking price or reserve of under $10,000, and pay only $29 – that’s a $10* saving on the listing fee.
*The asking price or reserve must remain under $10,000 or you will be charged the extra $10. Auction success fees apply.
Proposed initial public offering of Trade Me
We have some big news about Trade Me. Fairfax Media Limited, our parent company, has announced that it intends to sell between 30% and 35% of Trade Me via an initial public offering.
There are lots of rules about “pre-prospectus publicity” set out in the Securities Act that mean we can’t say too much at this stage, but what we can tell you is that:
- Fairfax is considering making an offer of securities to the public in relation to Trade Me;
- No money is currently being sought; and
- The timing of the IPO has not yet been finalised. More...