Singapore-based crowdfunding platform CoAssets has listed on the National Stock Exchange of Australia (NSX), Australia’s second largest stock exchange, and will trade on the NSX under the symbol “CAX”.
The NSX is a secondary board in Australia and the second largest listing market in the country after the Australian Stock Exchange (ASX). 130 firms are listed on the NSX; approximately 80 per cent of new listings are foreign companies. The NSX listing of CoAssets will support growth and increase investment potential.
CoAssets was launched two years ago and has been involved in 15 deals in South-east Asia, raising more than $10 million in working capital. Singapore small and medium-sized enterprises that want to raise at least $100,000 and repay the loan in less than a year will be considered for CoAssets.
NSX Chief Executive Emlyn Scott said "NSX is delighted to welcome CoAssets, it's directors and shareholders, it is becoming well known that NSX offers a fast, simple, flexible and cost effective listing service. But importantly for young growth companies like CoAssets, NSX listing shows investors that they want to operate within a public environment with very high corporate governance standards. That inspires confidence amongst investors. I congratulate co-founders Getty Goh and Dr Seh Huan Kiat and their team at this exciting time for CoAssets, and wish them a successful future on NSX."
