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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...
Get on top with a Super Feature
You can now promote your used cars, specialist cars, yachts and motorboats for sale by upgrading to a Super Feature. It doesn’t have magical powers, but it puts you at the top of all other listings (on rotation) for relevant searches, meaning more eyes on your listing. See the pretty screenshot below.
Here’s what else you need to know:
- It costs $79 (inc GST) for seven days, then $55 (inc GST) to renew for another seven days
- The price includes a Feature Combo (bold title, highlighted background etc.)
To make your listing a Super Feature, just select the option at the time of listing. If your listing is already on site, you can upgrade to a Super Feature through the ‘promote’ option on My Trade Me.
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New categories added today
In light of recent feedback we’ve added some new categories to the site, including:
1. Some iPhone categories in Mobile Phones
2. A Truck Parts category in Motors
3. A Greenhouses category in Home & Living
4. A Bulk CDs category in Music & Instruments
5. A Terrestrial Receivers category in Electronics & Photography
We’re moving relevant listings into the new categories, so please bear with us today as we make these changes. More...
Scam warning and safe buying advice
It was Scam Awareness Week last week and we thought it would be timely to remind members about one scam attempt we’ve seen recently, and offer some tips to keep you safe.
These scammers know their game and have many tactics to try and get your hard-earned cash into their pockets. In the last couple of weeks, a new scam has reared its ugly head in New Zealand. It seeks to lure victims by combining the old age medium of newspaper advertising, with the new age technology of online phone calls via services like Skype (technically known as “voice over internet protocol” or VOIP).
It starts with a classified advertisement for a cheap vehicle popping up in one of the local newspapers around the country. Alongside a free-to-register email address (e.g. Hotmail, Gmail, Yahoo) is a local New Zealand phone number purchased by a scammer that actually connects overseas, not locally. They are doing this through VOIP technology and number portability, which is brilliant if you want cheap calls to your friend in London, but not so great when you think you're calling someone in NZ to buy a car. More...
Changes to classified extensions
Since the dawn of time, extending classifieds on the site was a bit like unraveling spaghetti - each type of classified had its own set of rules, which was pretty confusing. So, as of today, there are some changes to general item and Motors classified extensions to make them more consistent:
1. Extensions are now fixed at 14 days.
2. Classifieds may only be extended in the final 72 hours before they expire.
3. The extension will apply from the original expiry date of the classified.
4. If you choose to promote your classified, you will be charged for this when you extend it.
And remember if your listing has expired, you can relist it for free (within 45 days of the end date).