ISX seeks broader investor, add liquidity
The Iraqi bourse is asking local companies to list shares and depositary receipts in London and New York to attract investors and increase volumes, the bourse’s chief executive officer said. “We are encouraging our companies” to list on the London Stock Exchange (LSE) or the Nasdaq Stock Market “to allow shareholders to turn some of […]Nayla Razzouk and Khalid al-Ansary report for Bloomberg News:
The Iraqi bourse is asking local companies to list shares and depositary receipts in London and New York to attract investors and increase volumes, the bourse’s chief executive officer said.
“We are encouraging our companies” to list on the London Stock Exchange (LSE) or the Nasdaq Stock Market “to allow shareholders to turn some of their shares into global depositary receipts or American depositary receipts,” CEO Taha Ahmed Abdul Salam al-Rubaye said in Baghdad yesterday. Exchange officials held meetings with Bank of New York Mellon regarding ADRs, he said.
