Sunday, June 24, 2012

Monitise moving to Nasdaq?

This story from the Telegraph is interesting. A move to the Nasdaq could raise the companies profile with US buyers.

The company, which was spun out of Morse in 2007 and is currently listed on the London Stock Exchange’s Aim market, is known to be talking to a number of banks including Goldman Sachs.Monitise’s current advisers are Canaccord Genuity.The discussions pave the way for what could be a move to Nasdaq, the US bourse, thought to be the favoured option of founder and chief executive, Al Lukies. 
News of the beauty parade comes as Monitise is this week due to complete its $141m (£90m) acquisition of Clairmail, a US rival which will give it a greater presence in North America. Combining the two companies will give Monitise, whose head office will stay in London, access to more than 13m registered end consumers at banks including Lloyds TSB in the UK and PNC Bank in the US.

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