M2L Holdings successfully floated on NSX to capitalize on the advantages of being an Australian publicly listed company. Once listed M2L intends to expand its unique service offering. The offering unit price was AUD$0.168 per ordinary share with a flotation valuation of $9,576,000 at the offer issue price.
M2L Holdings represents NSX’s first listing of a Singapore based company for 2012. NSX has received growing interest from international Asian based companies looking for an appropriate Australian listing solution.
Emlyn Scott, CEO of the National Stock Exchange, said:
“We are very pleased to have M2L Holdings join the NSX market. M2L represents our first Singaporean listing in 2012. The NSX has received a significant increase in interest from Asian based companies looking to list in Australian on NSX. We expect 2012 will see a number of Asian companies join the NSX market."
National Stock Exchange of Australia
The National Stock Exchange of Australia (NSX) is Australia's second largest listing stock exchange. It is an Australian Market Licence holder specialising in listing growth companies. NSX currently has 120 securities listed on its market with a combined market capitalization in excess of $4.0 billion. NSX has 18 participating brokers and 33 nominated adviser firms. NSX also offers an outsourced hosting solution to a number foreign stock exchanges utilising its leading edge technology and market expertise. Further information on the National Stock Exchange of Australia can be found at www.nsxa.com.au/
Emlyn Scott, CEO of the National Stock Exchange
P: 02 4921 2450