Eased out

Article Abstract:

Easdaq was set up to cover the whole of Europe and deal in stocks from high-growth companies. The aim was to set up a company similar to Nasdaq. There are relatively strict admission criteria, and this applies especially to accounting procedures, though companies only have to show that they enjoy market niches and do not need a long history of profits. Meanwhile, Nasdaq itself is considering moving to Europe, and this raises questions about the future of Easdaq.

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Race against time

Article Abstract:

Easdaq should bring together high tech start-ups in Europe, but brokers are waiting for demand to develop, and demand is less likely to develop while brokers offer little research and charges are high. Easdaq's dual trading projects could help increase numbers of stocks in 2000.

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New doors open for exiting investors

Article Abstract:

UK venture backers have tended to use trade sales and flotations to exit from their investments. Flotations leave backers holding a residual stake. Trade sales may mean that management loses independence when a larger group acquires the company. The Alternative Investment Market (Aim) offers more flexibility for venture backers. Easdaq will be available from Oct 1996. Secondary buyouts are also becoming an increasingly common way to exit.

Investment Offices, Investment Companies, Open-End Investment Funds, United Kingdom, Venture capital companies, Over-the-counter markets, Over the counter markets

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