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February 4th, 2008
First US company set for DIFX listing
NanoDynamics will become the first US company to list on the DIFX, with its debut initial public offering (IPO) priced at $11 per share, said co-lead managers Daman and its US strategic partner, Global Crown Capital.
NanoDynamics is a US-based global alternative energy and clean technology company utilising nanotechnology-based advanced materials to develop solutions to some of the world's most urgent challenges in the energy, environment, water and infrastructure markets.
'The intent of this IPO is to place 9,100,000 shares at a filing price of $11 to raise $100 million. The trading symbol for NanoDynamics will be "NDMX',' Shehab Gargash, Group CEO of Daman said.
'The listing is scheduled for February 11 and approximately half of the participants will be US institutional investors, while the other half will comprise regional Middle East institutions and accredited investors,' he added.
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