“The commitment and interest of US investors in the Austrian capital market has increased significantly over the past few years. We expect it to become easier for Austrian companies to raise capital from US investors”, said Michael Buhl, Member of the Management Board of Wiener Börse.
Patrick Kenadjian, partner of the Frankfurter branch of the New York law office, Polk & Wardwell, which acted as consultant for the SEC procedures, perceives the advantage for companies listed on Wiener Börse especially in the publication of research reports in the US: “The Securities Act eases the rules for the distribution of research reports on companies whose stocks are listed on an exchange having the status of a “Designated Offshore Securities Market”. Banks that regularly publish research reports on companies listed on Wiener Börse may now do so in the US as well without any interruptions or restrictions.