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FINANCIAL NEWS
Qatar to launch secondary IPO market for small firms
31 Jul 2011
(MENAFN) Qatar Exchange’s vice chairman, Ahmad Al Sayed, stated that the bourse is planning a secondary market dedicated for the trading of shares of small and medium-sized enterprises that issue initial public offerings (IPO), reported Arab News.
Al Sayed said that the new plan aims at encouraging investments as well as increasing liquidity in the market.
Al Sayed added that the criteria for listing would be less strict than those for the main market.
It is worth noting that this decision comes only weeks after Dubai stated it would create such a secondary market.
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