Thursday, August 24, 2006
Nasdaq adopts an 'independent' view
Telegraph | Money | Business diary: "Business diary
Edited by Sophie Brodie
(Filed: 24/08/2006)
Nasdaq adopts an 'independent' view
Nasdaq's London press people send research from an investment bank called Innovation Advisors in the US. The report says that Aim - the junior market - 'does not represent a utopian ideal for newly public companies' and instead advocates, you guessed it, Nasdaq as the haven for tech company listings. It's no surprise that IA, which claims to be independent, should want to show Aim in a poor light - its clients are Nasdaq-listed. Is there more behind Nasdaq's support for this research than new market rivalry? Could it be that the exchange hopes to talk down the London Stock Exchange's share price so it can snap up more shares? Nasdaq's spin-machine says blandly: 'It's simply to give you a better knowledge of the sector.' Thanks.
Among the nomads
Amid reports that the London Stock Exchange is considering making it harder for nominated advisers to bring flaky companies to the Aim market, I hear that, of the 12 companies that applied for nomad status this year only two have been granted it: J M Finn and Jefferies. Rumour has it others such as Bear Stearns and IAF have applied."
Edited by Sophie Brodie
(Filed: 24/08/2006)
Nasdaq adopts an 'independent' view
Nasdaq's London press people send research from an investment bank called Innovation Advisors in the US. The report says that Aim - the junior market - 'does not represent a utopian ideal for newly public companies' and instead advocates, you guessed it, Nasdaq as the haven for tech company listings. It's no surprise that IA, which claims to be independent, should want to show Aim in a poor light - its clients are Nasdaq-listed. Is there more behind Nasdaq's support for this research than new market rivalry? Could it be that the exchange hopes to talk down the London Stock Exchange's share price so it can snap up more shares? Nasdaq's spin-machine says blandly: 'It's simply to give you a better knowledge of the sector.' Thanks.
Among the nomads
Amid reports that the London Stock Exchange is considering making it harder for nominated advisers to bring flaky companies to the Aim market, I hear that, of the 12 companies that applied for nomad status this year only two have been granted it: J M Finn and Jefferies. Rumour has it others such as Bear Stearns and IAF have applied."
