- Mar
- 13
- 2009
- 3:08 PM
NYSE Amex Welcomes Chinese Companies
- By: scutler
- File Under: Listed Companies
From Scott Cutler: This week has been exciting not only because the market (as I type) is up 8% since Friday, but because NYSE Amex listed not one, but two Chinese companies in the last five days.
NIVS IntelliMedia Technology Group, Inc. (NYSE Amex: NIV) opened for trading today following Monday’s listing of China Green Agriculture, Inc. (NYSE Amex: CGA). China Green was the first company from Mainland China to list on the new NYSE Amex market since they became part of our family last fall and NIVS is the first Chinese company to raise capital and list.
Small and medium enterprises have seen increased difficulty in their ability to raise funds due to the global financial crisis. We see a partnership with NYSE Amex as part of the solution. A listing here offers significant opportunities for companies to establish a presence in the international capital market, access more investors and be associated with a global brand. For a small company, NYSE Amex’s DMM model with obligated liquidity providers offers even more assurances for executives and investors. We are also uniquely positioned to work with Chinese companies on the ground through our Beijing office.
NYSE Euronext has 69 companies listed from Greater China, 13 of which call NYSE Amex home. We look forward to welcoming many more.
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