NanoDynamics intend to be the first U.S. company to list on the DIFX.
NanoDynamics, Inc. is a U.S.-based global alternative energy and clean technology company utilizing nanotechnology-based advanced materials to develop solutions to some of the world's most urgent challenges in the energy, environment, water and infrastructure markets.
The intent of this IPO is to place 9,100,000 shares at a filing price of $11 to raise $100m. The trading symbol for NanoDynamics will be "NDMX'. The anticipated listing will take place the week of 11 February 2008. In the intended listing, approximately half of the participants will be U.S. institutional investors and other half regional Middle East institutions and accredited investors.
Mr. Shehab Gargash, Group CEO of Daman said: "The IPO of a U.S. company on DIFX is an important first in global trading terms. This historic listing will take place because of the strategic vision of Dubai's leadership who positioned DIFX as the world's newest major global exchange. We are very proud to act as co-lead manager for this exceptional offering, and believe that this IPO will prove the growing acceptance of DIFX as an internationally recognized platform. We are confident that there will be great interest in this IPO both globally and regionally."
Mr. Rani Jarkas, CEO of Global Crown Capital, Ltd. said: "We are very pleased to have blue chip investors from the region and the U.S. participate in this exciting offering. Our intention going forward is to streamline the process for appropriate high-quality U.S. companies interested in listing on the DIFX. For the benefit of investors, companies will be stringently evaluated by our team of world-class, veteran equity research analysts. Our research team will also provide post-listing equity coverage."
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NanoDynamics intending to list week of February 11 on DIFX
- United Arab Emirates: Monday, February 04 - 2008 at 14:51
- PRESS RELEASE
Daman and its U.S. strategic partner, Global Crown Capital, Ltd. the co-lead managers announced that the initial public offering (IPO) of NanoDynamics, Inc. has been priced at $11 per share.
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About Daman Investments PSC (www.daman.ae)Daman Investments PSC is a private joint stock company based in Dubai and capitalized at AED
200 million. From its early beginnings in 1998, the group has grown rapidly into a non-bank financial services company now widely recognized as an authority in its core markets, the Gulf Cooperation Council and Iraq. Known for offering innovative investment products and services to both regional and international clients, Daman provides investment management and development capital investment opportunities as well as domestic and regional brokerage operations through its subsidiaries. Daman is committed to the principles of ethical business practice and operational transparency. All Daman's various operations are regulated by the United Arab Emirates Central Bank, the Emirates Securities and Commodities Authority (ESCA) and the Dubai Financial Services Authority (DFSA).
Daman is well positioned for its clients as their gateway to the new Arab World economy.
Global Crown Capital, Ltd. (www.globalcrowncapital.com)
Global Crown Capital is a research-focused boutique investment firm broadly and deeply focused on technology. The firm specializes in Global Equity Research, Institutional Sales and Trading, Prime Brokerage, Global Wealth Management, Asset Management, Investment Banking and Corporate Services. Global Crown Capital's clients include premier financial institutions, corporations and individual investors worldwide. Global Crown Capital is headquartered in the heart of San Francisco, California's financial district at the premier 101 California Street. The firm is registered with the U.S. Securities and Exchange Commission (SEC), is a member of the Financial Industry Regulatory Authority (FINRA), the National Futures Association (NFA), and the Securities Investor Protection Corporation (SIPC).
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Posted by Lara Lynn Golden, News EditorMonday, February 04 - 2008 at 14:51 UAE local time (GMT+4)
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