Abu Dhabi Bourse Signs Pact With NYSE for Dual Listings - Bloomberg
Abu Dhabi Securities Exchange has signed a deal with the New York Stock Exchange to help the emirate’s stocks access a deeper pools of liquidity via dual listings.
The pact would also allow companies listed on the NYSE to expand their business and tap capital in Abu Dhabi, John Tuttle, the vice chairman of the NYSE, told Bloomberg News in an interview. “Giving ADX-listed companies access to the US marketplace we think will benefit them as well.”
The Middle East has seen a surge in initial public offerings, buoyed by high oil prices and investor inflows. The flurry of activity has prompted global banks to increase their presence by relocating staff or expanding.
Tuttle added that the agreement with ADX would provide “access to the world’s largest marketplace.” “We see myriad opportunities for collaboration from corporate equities to ETFs, ESG-related products as well.”
No comments:
Post a Comment