QEX makes strong debut on NZX

Logistics company QEX is the first listing on New Zealand stock exchange this year.

The company, chaired by Silvereye director Conor English, saw its shares jump 29 per cent on debut.

The company was started by founders Ronnie Xue and his wife Doreen Wu in their garage in 2010.

QEX facilitates the storage, supply, packaging, customs clearance and delivery of New Zealand products bought from stores, online and e-commerce sites by individual consumers from China.

The company is planning to enter Australia and build a logistics bridge between China and the Trans Tasman nations.

“We believe the journey has just started, and as trade between the two countries continues to grow and prosper, QEX will continue to expand its services and operations to cement its position as one of New Zealand’s fastest growing small companies,” English said in the company’s listing document.

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