Here’s some good news for Indian tech companies not keen to access Nasdaq due to the US financial sector crisis. A new stock exchange for small companies in the technology space is being launched in Australia and five of the 20 initial listings on the new bourse are expected to be Asian.
The new facility seeks to provide an alternative to tech firms which till now depended on the US-based Nasdaq or the UK’s AIM to access capital markets. What comes as sweet music to the ears of Indian techies is that one of the goals of the new exchange is to promote a Silicon Valley in northern Sydney. Going by the success of Indian-origin entrepreneurs in the Silicon Valley, the new option could hold strong potential.
The capital market in Australia is not exactly roaring at this point as shocks of the subprime meltdown have raised doubts in the minds of investors, but the
The capital market in Australia is not exactly roaring at this point as shocks of the subprime meltdown have raised doubts in the minds of investors, but the
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