November 17, 2007
Welcome Back to US Markets
We wrote in this blog November 12, 2007 about Chinese banks listing on US exchanges as a new trend. Now this week, Israeli companies are coming back to US markets.
This is probably due to a few factors:
US Markets are still by far the largest in the world: $18 trillion versus $3.4 trillion for the UK. So size matters.
Additionally, many countries are now putting in SOX-Like or SOX-Lite regulations: Canada, Japan, South Africa to name a few, so the SOX stigma has become the new standard - transparency is good.
The other factor is no doubt the powerful Wall Street marketing machine which apparently is now present in Israel. It is a wonder what sweet siren songs the Wall Streeters are singing into the ears of Israeli public companies.
For the complete article on this topic, click here. An excerpt on this topic can be found here:
"According to James Posnett, MD of European products at Eurolist and Alternext, interviewed by the Jerusalem Post, the trend will change in 2008. While Israeli companies has only eyes for the NASDAQ for more than a decade, their interest stareted dwindling down in 2005 with the the costly Sarbanes-Oxley listing regulations. In 2005, 20 Israeli start-ups went public on the European markets rather than in the U.S., and mainly on London’s Alternative Investment Market (AIM).
In 2006, the number went down to 16 in Europe vs. 8 on Wall Street, and the trend is set to change back in 2008 in the advantage of the US. The presence of several US investment banks in Israel favors a growing interest and experience of the US markets."
If your company has to comply with SOX 404 or NI 52-109, and wants to do it in a sensible and cost effective way, contact http://www.issuescentral.com/ for more information on Compliance Playbook® for companies based outside of Canada. For Canadian based companies, see http://www.compliancepartner.ca/ for more information on Compliance Partner™ from Thomson Carswell.
This is probably due to a few factors:
US Markets are still by far the largest in the world: $18 trillion versus $3.4 trillion for the UK. So size matters.
Additionally, many countries are now putting in SOX-Like or SOX-Lite regulations: Canada, Japan, South Africa to name a few, so the SOX stigma has become the new standard - transparency is good.
The other factor is no doubt the powerful Wall Street marketing machine which apparently is now present in Israel. It is a wonder what sweet siren songs the Wall Streeters are singing into the ears of Israeli public companies.
For the complete article on this topic, click here. An excerpt on this topic can be found here:
"According to James Posnett, MD of European products at Eurolist and Alternext, interviewed by the Jerusalem Post, the trend will change in 2008. While Israeli companies has only eyes for the NASDAQ for more than a decade, their interest stareted dwindling down in 2005 with the the costly Sarbanes-Oxley listing regulations. In 2005, 20 Israeli start-ups went public on the European markets rather than in the U.S., and mainly on London’s Alternative Investment Market (AIM).
In 2006, the number went down to 16 in Europe vs. 8 on Wall Street, and the trend is set to change back in 2008 in the advantage of the US. The presence of several US investment banks in Israel favors a growing interest and experience of the US markets."
If your company has to comply with SOX 404 or NI 52-109, and wants to do it in a sensible and cost effective way, contact http://www.issuescentral.com/ for more information on Compliance Playbook® for companies based outside of Canada. For Canadian based companies, see http://www.compliancepartner.ca/ for more information on Compliance Partner™ from Thomson Carswell.
