In late October, NASDAQ and Moscow Exchange clinched a deal to join forces and help emerging Russian high-tech companies be listed on the two bourses. The two exchanges are to co-organize conferences, workshops and presentations for innovative companies and international investors under the agreement, the Moscow bourse said in a statement.
The deal is focused specifically on the tech and biotech segments and is expected to be a serious image booster for Moscow Exchange.
“There are a lot of interesting technology companies emerging from Russia, in combination with a strong interest from global issuers and investors to become more involved with this community,” said Bruce Aust, head of global listings at NASDAQ.
“We have supported some of the new, leading and fast growing Russian technology companies in raising capital, like CTC Media, QIWI and Yandex, who we are proud to have listed with us. We truly look forward to being a part of the new Russian technology companies’ development and support them with the best possible foundation to raise capital in Russia and globally,” he said.
Moscow Exchange chief executive Alexander Afanasiev, said there is “growing interest to invest into technology stocks from the Russian investment community.”
Source: Moscow stock exchange
