Saturday 26 April 2014

UAE Exchange considers IPO on Nasdaq New York | The National

UAE Exchange considers IPO on Nasdaq New York | The National:



"The remittance and currency exchange firm UAE Exchange is aiming to list on the Nasdaq stock market in New York in two years.



The company, which has 700 offices across more than 30 countries, is considering listing in the United States even though it is headquartered in Abu Dhabi. The Nasdaq would be the preferred stock market for the listing because it seemed to be a good option for finance companies, although Singapore would also be considered, said BR Shetty, the chief executive.



“In two years’ time we will expand enough,” he said. “We will be in 56 countries in two years’ time.”"



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