"The Amex wants to encourage companies from other markets to dual list their securities here and witness first-hand the Amex advantage," said John McGonegal, senior vice president of Amex Equities. Companies don’t have to change their symbol or leave their current market when they dual list on the Amex.
"We want issuers to experience our marketplace and all the benefits the Amex offers the small and mid-cap company," McGonegal added.
The Amex believes its specialist-auction market structure, full service investor relations support, dedicated Issuer Services director, Amex Online investor database, lower fees, blue sky exemption and the launch of our new state-of-the-art hybrid market trading system this year will make a big difference in the success of smaller companies.
"We are excited about being able to "partner" with more issuers who can benefit from our customized services and we look forward to the entire marketplace becoming more aware of all that the Amex has to offer small and mid-cap companies," McGonegal said.
As part of the rule change, initial and annual listings fees will be significantly lower for companies that dual list on the Amex.
