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Another foreign company joined trading on the Vienna Stock Exchange today thereby taking advantage of an option that is still not open to Austrian companies. FinGroup AG - a fintech company seated in Munich – was added to the Third Market of Vienna Stock Exchange today. According to the company, FinGroup AG is engaged in the acquisition, administration and selling of investments in companies, especially from the financial services sector, and also provides management and advisory services. The shares can be traded from 9:00 a.m. to 5.30 p.m. in continuous trading. ICF BANK AG supports price discovery with additional liquidity as a market maker.
Domestic small and medium-sized companies are still barred from the Third Market of the Vienna Stock Exchange, because the Third Market as an entry segment is blocked by law to smaller Austrian issuers. "The Third Market is an excellent entry segment for exchange trading. Companies with growth ambitions can move on from there and continue their development on regulated markets. This door should be opened gain and the law urgently changed," demanded stock exchange CEO Christoph Boschan.
