Nanodynamics to IPO…again

Following failed IPOs in New York and Dubai, apparently “the company is still committed to going public… and a decision is expected to be made within the next three to four weeks.” Where next China?

There is no mention of the IPO being cancelled due to investor scepticism, just this quote:

“According to Bill Cann, the company’s chief financial officer, the decision was made to back out following concerns that “there were some holes in the listing and placement agreement” that may have fallen foul of Dubai law.”

Sounds like they need some better advisors next time!

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  1. Pingback: Nanodynamics IPO Pulled Through Incompetance or Lack Of Capital? » TNTlog

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