# NETWEALTH GROUP LIMITED

> Australian public company

**Wikidata**: [Q109625745](https://www.wikidata.org/wiki/Q109625745)  
**Source**: https://4ort.xyz/entity/netwealth-group-limited

## Summary
NETWEALTH GROUP LIMITED is an Australian public company listed on the Australian Securities Exchange (ASX) under the ticker symbol NWL. As a publicly traded corporation, it offers its securities to the general public and had a recorded market capitalization of approximately 4.15 billion Australian dollars as of November 2021.

## Key Facts
*   **Official Name:** NETWEALTH GROUP LIMITED
*   **Classification:** Public company
*   **Stock Exchange:** Australian Securities Exchange (ASX)
*   **Ticker Symbol:** NWL
*   **Listing Date:** November 20, 2017
*   **Market Capitalization:** 4,149,693,873 AUD (recorded on November 18, 2021)
*   **Description:** Australian public company

## FAQs
**What is NETWEALTH GROUP LIMITED?**
NETWEALTH GROUP LIMITED is an Australian public company that operates as a joint-stock organization, offering its securities for sale to the general public.

**When was NETWEALTH GROUP LIMITED listed on the stock exchange?**
The company began trading on the Australian Securities Exchange on November 20, 2017.

**What is the ticker symbol for NETWEALTH GROUP LIMITED?**
The company's shares are traded on the Australian Securities Exchange under the ticker symbol NWL.

**What was the market capitalization of NETWEALTH GROUP LIMITED in 2021?**
As of November 18, 2021, the company's market capitalization was 4,149,693,873 Australian dollars.

**How is NETWEALTH GROUP LIMITED different from a private company?**
Unlike a private company, NETWEALTH GROUP LIMITED is publicly traded, meaning its ownership is distributed among general public shareholders and its shares can be bought and sold on a public market.

## Why It Matters
NETWEALTH GROUP LIMITED represents a significant component of the Australian financial landscape as a publicly traded entity. By listing on the Australian Securities Exchange, the company facilitates large-scale capital formation, allowing it to raise funds from a broad pool of investors to drive business operations and growth. Its substantial market capitalization demonstrates its role in wealth creation for investors and highlights its importance as a liquid asset for individuals seeking retirement savings or investment opportunities. The company adheres to strict regulatory disclosure standards, ensuring transparency and maintaining confidence among its shareholders.

## Notable For
*   Being listed on the Australian Securities Exchange (ASX) with the trading code NWL.
*   Achieving a market capitalization exceeding 4 billion AUD in late 2021.
*   Operating as a publicly held corporation, distinct from government agencies or private enterprises.
*   Offering a mechanism for public investment through the sale of securities on an open market.

## Body

### Corporate Identity and Classification
NETWEALTH GROUP LIMITED is legally defined as a public company, a specific form of joint-stock organization that distinguishes itself by offering securities, such as stocks, to the general public. Its official registered name is NETWEALTH GROUP LIMITED, and it is classified as an enterprise operating under the legal structure of a publicly held corporation. This classification separates it from "public enterprises" or government agencies, as it is not state-owned, and from private companies, which do not offer shares to the general public.

### Market Presence and Trading
The company's primary market presence is established through its listing on the Australian Securities Exchange (ASX). It trades under the ticker symbol NWL, a designation that allows investors to identify and purchase ownership stakes in the company. The company commenced public trading on November 20, 2017. Financial data from November 18, 2021, indicates a market capitalization of 4,149,693,837 Australian dollars, reflecting the total market value of its outstanding shares at that point in time.

### Ownership and Governance
As a public company, NETWEALTH GROUP LIMITED is characterized by a distributed ownership structure held by shareholders who have purchased its securities. This ownership structure allows for a separation between ownership (the shareholders) and control, typically managed by a board of directors. The company is required to adhere to the regulatory standards associated with publicly traded companies, including strict disclosure and reporting requirements that promote transparency. Its status as a "listed company" ensures that its shares are liquid, enabling investors to easily buy and sell their stakes in the open market.

## References

1. [Source](https://www2.asx.com.au/markets/trade-our-cash-market/directory)