Subscribe
Be the first with the news that moves the market- Advertising technology company, Adcore (ADCO) has successfully listed its common shares on the Frankfurt Stock Exchange (FSE)
- The company’s shares will now be cross-listed on the TSX Venture Exchange (TSXV) as well as the FSE
- Adcore believes the listing will help increase the company’s trading liquidity and facilitate interest from European investors
- The company’s shares will trade on the FSE under the ticker code 5KC
- Adcore (ADCO) is up 4.62 per cent and is currently trading at C$0.68 per share
Advertising technology company, Adcore (ADCO) has successfully listed its common shares on the Frankfurt Stock Exchange (FSE).
The company’s shares will now be cross-listed on the TSX Venture Exchange (TSXV), as well as the FSE.
The FSE is the largest stock exchange in Germany, and one of the largest, most efficient securities trading exchanges in the world. Since Germany is one of the largest economies in Europe, the FSE is considered a strong candidate for companies looking to establish a presence in another continent.
Adcore, which provides advertising technologies powered by machine-learning, is no stranger to cross-border operations. The company, which is headquartered in Tel Aviv, Israel, also has satellite offices in Melbourne (Australia), Toronto (Canada), and Hong Kong.
Adcore has joined the FSE in the hopes that the listing will provide various benefits, such as an increase in trading liquidity. In addition, the company anticipates that the listing will also facilitate further interest from institutional and retail investors across Europe.
Adcore’s CEO, Omri Brill, commented on the company’s exciting debut on the FSE.
“We are very pleased to have Adcore’s shares listing on the Frankfurt Stock Exchange, which will provide Adcore access to a large number of new and diverse potential investors that will help to expand our shareholder base and increase liquidity,” he said.
The company’s shares will trade on the Frankfurt Stock Exchange under the ticker code 5KC.
Adcore (ADCO) is up 4.62 per cent and is trading at C$0.68 per share at 9:31am EDT.
