Easdaq completes initial fund raising
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Easdaq completes initial fund raising
Easdaq, the planned pan-European stock market, came closer to becoming a reality with the completion of an initial Ecu1m (pounds 700,000) fund-raising exercise by the market's promoters. The promoters, which include Nasdaq, the United States exchange, will use the new money to finance the market's first phase of development, including obtaining regulatory approval. The fund-raising exercise was oversubscribed and the promoters are confident of raising a further Ecu10m in two tranches before the end of the year. The market's other backers include ING, the Dutch bank that rescued Barings, and up to 50 stockbrokers and investment banks from Europe and the US.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments