Speaking at the commencement of trading, the Irish Stock Exchange’s Director of Listing Deirdre Somers said: “In the context of the Irish market nine new companies entering the market in only 14 months is a superb result, completely endorsing the ISE’s view that IEX is serving a real funding need for Irish small to mid-sized companies. IEX provides companies with access to equity capital and enhanced liquidity in their shares through a euro-denominated quote and trading facility.”
“It is particularly encouraging to see IEX becoming increasingly cross sectoral, with property investment/management, outsourcing, specialist pharmaceuticals and software industries now represented on the market.” said Ms Somers, adding that the indications are that the number of companies listed on IEX will increase further in the second half of 2006 and into 2007.
Commenting on the admission of Norkom to IEX, Paul Kerley, Chief Executive Officer of Norkom said “We expect that Norkom’s listing on IEX will deliver enhanced liquidity in Norkom shares by providing a euro quote and trading facility, in addition to our sterling quote on AIM”.
Goodbody Corporate Finance is acting as IEX adviser to Norkom.
