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Sunday, 18 December 2011

Nasdaq Dubai CEO confident of future IPO listings - Emirates 24/7

The chief executive of Nasdaq Dubai has said that the bourse will be in a strong position to attract IPOs as market confidence recovers. In a media statement announcing a 63 per cent year-on-year slump in trading volumes for the month of November, Jeff Singer said on Sunday that the Dubai bourse continues to prepare for new listings despite the lack of liquidity.
“In a challenging period for the UAE’s capital markets, in which trading values across its stock exchanges have declined, Nasdaq Dubai continues to strengthen its infrastructure and prepare for new product listings,” Jeff Singer, CEO of Nasdaq Dubai, said.
“Institutional liquidity combined with an active retail base will put Nasdaq Dubai in a strong position to attract further initial public offerings as market confidence recovers,” he added in a media statement.