First public issue of stocks in Armenia to be registered on stock exchange before end of 1st q
28.02.2009,
01:09
The first public issue of stocks in Armenia is to be registered on the stock exchange before the end of the first quarter, Armen Melikyan, director general of NASDAQ OMX Armenia Stock Exchange, said on Thursday.
YEREVAN, February 27. /ARKA/. The first public issue of stocks in Armenia is to be registered on the stock exchange before the end of the first quarter, Armen Melikyan, director general of NASDAQ OMX Armenia Stock Exchange, said on Thursday. He refrained from pointing out the company that is going to enter IPO market.
He said the company would announce that personally. “However, we find mass appearance of companies on the IPO market wrong. It would be better companies to pass relevant training and ensure transparency”.
Melikyan thinks companies have plenty to do for entering IPO market and potential issuers should understand that very well.
“It isn’t important how many companies and which of them are planning to enter the market, their willingness to be transparent is important”, he said.
He said that IPO market gives large room for issuers, which have to be transparent.
He thinks that if Armenia has at least 20 companies listed and ready for public activity in 2010, it will be able to place on record fast growth of capital market.
In January 2008, OMX, Scandinavian stock exchange operator, bought 100% of Armenian Stock Exchange and Central Depository’s shares.
After NASDAQ and OMX merger in March 2008, the company NASDAQ OMX Group, Inc became the sole holder of Armenian Stock Exchange and Central Depository’s shares.
On January 27, 2009, Armenian Stock Exchange was renamed NASDAQ OMX Armenia. —0—
He said the company would announce that personally. “However, we find mass appearance of companies on the IPO market wrong. It would be better companies to pass relevant training and ensure transparency”.
Melikyan thinks companies have plenty to do for entering IPO market and potential issuers should understand that very well.
“It isn’t important how many companies and which of them are planning to enter the market, their willingness to be transparent is important”, he said.
He said that IPO market gives large room for issuers, which have to be transparent.
He thinks that if Armenia has at least 20 companies listed and ready for public activity in 2010, it will be able to place on record fast growth of capital market.
In January 2008, OMX, Scandinavian stock exchange operator, bought 100% of Armenian Stock Exchange and Central Depository’s shares.
After NASDAQ and OMX merger in March 2008, the company NASDAQ OMX Group, Inc became the sole holder of Armenian Stock Exchange and Central Depository’s shares.
On January 27, 2009, Armenian Stock Exchange was renamed NASDAQ OMX Armenia. —0—
