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Before Nasdaq Says Yes: Gregg Jaclin on the Cross-Border Work That Never Reaches the Prospectus
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Before Nasdaq Says Yes: Gregg Jaclin on the Cross-Border Work That Never Reaches the Prospectus
A Malaysian consulting group with practices in Kuala Lumpur, Shanghai, Singapore and the United States decides it wants to be listed on Nasdaq. Its revenue is real, its clients range from small enterprises to government-linked agencies, and its growth story holds up. On paper, it looks ready but it will not be approved to trade on a US senior exchange.. Nothing is wrong with the business. The problem is the entity, which is not the kind American…
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