7th APRIL 2015 - Vol.XXXVIII No.018
Business News

US firm plans Dubai listing

DUBAI: NanoDynamics from Buffalo, New York, plans to be the first US company to list its shares on the Dubai International Financial Exchange (DIFX).

The company said the move was in connection with an initial public offering (IPO) of shares of its common stock later this year

"NanoDynamics is focused on addressing global challenges in the alternative energy, clean technology and infrastructure markets," said NanoDynamics chief executive Keith Blakley.

"Our customers, suppliers, and partners are located throughout the world, and we see major opportunities in the Middle East and Africa for many of our products.

"We chose the DIFX because of its proximity to our current partners, prospective customers and market opportunities, as well as the attraction of the DIFX as an emerging centre for global finance." NanoDynamics products include nanomaterials, water purification media, and solid oxide fuel cells.

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