LOOKS LIKE THEY ARE CROSS LISTING!!! Awesome! That
Post# of 2913
Posted On: 12/21/2016 8:34:18 PM
LOOKS LIKE THEY ARE CROSS LISTING!!! Awesome! That's presumably how the cat got out of the bag!!
https://www.ca-registry.com/C3255152-pixel-mags-inc
https://www.bloomberg.com/quote/5LS:GR
The academic literature largely ignores cross-listings on non-U.S. exchanges. However, there are many cross-listings on exchanges in Europe and Asia. Even U.S. firms are cross-listed in other countries. In the 1950s there was a wave of cross-listings of U.S. firms in Belgium, in the 1960s in France, in the 1970s in the U.K., and in the 1980s in Japan (see Sarkissian and Schill, 2014).[9] Roosenboom and van Dijk (2009)[1] analyze 526 cross-listings from 44 different countries on 8 major stock exchanges and document significant stock price reactions of 1.3% on average for cross-listings on US exchanges, 1.1% on London Stock Exchange, 0.6% on exchanges in continental Europe, and 0.5% on Tokyo Stock Exchange. These findings suggest that cross-listings on Anglo-Saxon exchanges create more value than on other exchanges. They also highlight the incomplete understanding of why firms cross-list outside the UK and the United States, as many of the arguments discussed above (enhanced liquidity, improved disclosure, and bonding) do not apply. In this respect, Sarkissian and Schill (2014) show that cross-listing activity in a given host country coincides with the outperformance of host and proximate home country’s economies and financial markets, thus, highlighting the market timing component in cross-listing decisions.
https://www.ca-registry.com/C3255152-pixel-mags-inc
https://www.bloomberg.com/quote/5LS:GR
The academic literature largely ignores cross-listings on non-U.S. exchanges. However, there are many cross-listings on exchanges in Europe and Asia. Even U.S. firms are cross-listed in other countries. In the 1950s there was a wave of cross-listings of U.S. firms in Belgium, in the 1960s in France, in the 1970s in the U.K., and in the 1980s in Japan (see Sarkissian and Schill, 2014).[9] Roosenboom and van Dijk (2009)[1] analyze 526 cross-listings from 44 different countries on 8 major stock exchanges and document significant stock price reactions of 1.3% on average for cross-listings on US exchanges, 1.1% on London Stock Exchange, 0.6% on exchanges in continental Europe, and 0.5% on Tokyo Stock Exchange. These findings suggest that cross-listings on Anglo-Saxon exchanges create more value than on other exchanges. They also highlight the incomplete understanding of why firms cross-list outside the UK and the United States, as many of the arguments discussed above (enhanced liquidity, improved disclosure, and bonding) do not apply. In this respect, Sarkissian and Schill (2014) show that cross-listing activity in a given host country coincides with the outperformance of host and proximate home country’s economies and financial markets, thus, highlighting the market timing component in cross-listing decisions.
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