"Within months of 99 Wuxian’s ASX-listing, chairman Ross Benson was talking up the potential for the company to move to a larger bourse. It is understood the company is in the final stages of inking a deal with a major US investment bank to manage a NASDAQ float next year. That mandate is expected to be announced in the coming weeks. It is an emerging trend for foreign technology companies to view the ASX as an alternative to venture capital funding and springboard in to larger markets. Earlier this month, online human resources platform 1-Page became the first Silicon Valley tech start-up to list on the ASX with a stated aim of using it as a launching pad to the NASDAQ"
NNW Price at posting:
42.0¢ Sentiment: Buy Disclosure: Held
