Trading begins in first Jersey company to get Nasdaq listing

Monday 28th February 2011, 3:00PM GMT.

Mourant partner Michael Williams

SHARES have started to trade in the first Jersey company to be listed on the New York Nasdaq exchange.

Velti plc, a global provider of mobile marketing and advertising technology solutions, began trading on the exchange following completion of a US$150 million initial public offering.

And unlike past share issues of Jersey companies in the US, the Velti offering was by a direct listing rather than through depository receipts.

Mourant partner Michael Williams and associate Paul Martin advised Velti on the Jersey law aspects of the public offering and Nasdaq listing.

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1
Real Truthseeker

February 28, 2011 at 4:34 pm

Well done! The usual suspects on here will bleat and moan abotu this sort of success, wanting to get rid of companies liek this, but without companies of all types using Jersey as a base, Jersey will become a squalid ghetto.

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2
Mark

February 28, 2011 at 5:30 pm

And how much tax will they pay to Jersey, to anybody?

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