In sifting through the various public comments on the European crowdfunding consultation that was just released it was interesting to see an unsigned comment letter from NASDAQ OMX.
NASDAQ OMX is a trading / exchange platform that operates across six different continents and today powers more than 70 marketplaces in 50 different countries. More than 3,300 listed companies with a market value of over $8 trillion are associated with the NASDAQ OMX today – including 7 EU member states.
The comment letter states that for NASDAQ OMX;
“any securities type crowdfunding is framed with an adequate regulatory structure ensuring suitable protection of investors as well as fair and orderly organization and functioning of crowdfunding platforms. Principles behind the rules which have been developed for securities markets aimed at ensuring equality of shareholders, their right to information and sound operation of financial markets are also relevant for securities type crowdfunding.”
They note that the “equity culture” is under-developed in Europe and obviously it would be in their interest to see it develop. The statement continues;
“It is necessary to encourage companies, in particular SMEs, to turn to public markets as a way to finance their growth in view of the deleveraging of bank financing and foster investment in such public companies. Europe needs a revival of IPOs and new listed companies since such companies create jobs and wide investment possibilities, stability and sustainability.”
The letter is embedded below:
[scribd id=214870767 key=key-178x5qqpu8h4p3zv3esf mode=scroll]
