Alpen Capital approved as Listing Sponsor on NASDAQ Dubai
Dubai, 7th June, 2010
Alpen Capital (ME) Limited today announced that it has been approved as a listing sponsor with NASDAQ Dubai. As a listing sponsor, Alpen Capital is able to give advice to companies seeking to carry out an initial public offering (IPO) of shares on the exchange. This includes ensuring that a company meets NASDAQ Dubai’s financial and other listing requirements and making its directors’ aware of their responsibilities, as well as managing listing documentation.
“We are delighted to be registered as a listing sponsor with NASDAQ Dubai. We see this as great news as it provides a great opportunity for our corporate clients seeking alternative and efficient ways to raise capital, says Rohit Walia, Executive Vice Chairman & CEO, Alpen Capital Group.
According to Sanjay Vig, Managing Director, Alpen Capital (ME) Limited , “This capability will offer us an opportunity to expand on Alpen Capital’s already established services. It will also allow us to use our expertise in the IPO markets wherein we could guide a new issuer through the initial public offering process, providing advice, managing the transaction as well as the listing.
Lanae Holbrook, General Counsel of NASDAQ Dubai, said: “As we prepare for further expansion of our market, we are delighted to welcome Alpen Capital to the important role of listing sponsor. Expert advice on listing plays a key role in a smooth and successful IPO process.”