Why list with us?
Nasdaq Dubai allows companies to benefit from a unique investor pool that combines regional and international wealth. This makes it a globally unique platform for companies to raise money and for investors to find exciting opportunities.
By listing on the Middle East’s international financial exchange you gain a passport to global markets, backed by the credibility of the highly respected regulatory regime in the Dubai International Financial Centre (DIFC).
Company owners have freedom to raise capital in the way that suits them. They can choose the price at which to sell shares in an IPO, and keep control of the company afterwards.
The choice of Nasdaq Dubai places your business at the centre of the region’s financial markets. And the exchange’s location in Dubai strengthens your prospects in the region’s most exciting business and economic hub.
We look forward to a fruitful relationship.
ACCESS TO INVESTORS EVERYWHERE
Unique mix of regional and international brokers
More than 500,000 regional individual investors and thousands of institutional investors around the world can trade together on the exchange.
Companies that list shares on Nasdaq Dubai are instantly connected to a network of more than 500,000 individual investors in the UAE and the region and thousands of institutional investors in all the world’s major countries.
These investors trade on the same platform together, giving your company the market valuation it deserves and a high profile around the world.
This deep pool of liquidity is created by a mix of broker Members that no other exchange in the world provides. It consists of most of the UAE’s large brokers plus most of the world’s large investment banks, numbering more than 30 in all.
The close collaboration between Nasdaq Dubai and Dubai Financial Market (DFM) gives you broad access to regional and international investors.
Trading takes place on the highly efficient X-Stream platform, which was developed by the NASDAQ OMX Group and runs more than 25 exchanges globally.
EXPAND TO OTHER LEADING MARKETS
Your international listing journey starts with us
Based on international practice, Nasdaq Dubai can open the door to an easy listing on other leading exchanges around the world.
Nasdaq Dubai benefits from world class regulatory standards, provided by the Dubai Financial Services Authority (DFSA). The DFSA is the independent regulator in the Dubai International Financial Centre (DIFC), where Nasdaq Dubai is located. Once a listing prospectus is approved by the DFSA, it can be considered for easy passporting to other leading international exchanges (US, UK, Singapore, Hong Kong and elsewhere) for a dual listing.
The DFSA has won respect globally for its success in applying international best practice in a regional context. It benefits from a cooperative relationship with other regulatory authorities including in the US, UK, Germany, Singapore, Hong Kong, China and India.
COMPANIES CHOOSE THEIR IPO PRICE
Nasdaq Dubai allows a ‘book build’ valuation
Issuers can price the IPO according to market demand, rather than a lower value imposed by an external authority as on many other exchanges.
Before their IPO, companies can find out how much demand there is for the shares by asking potential investors, with the help of an investment bank. This is called a ‘book build’ process and is the normal valuation method used on international exchanges.
It allows companies to choose their own IPO share price, based on their market research. On many regional exchanges, by contrast, the valuation is decided by a government authority. This is often lower than the market’s valuation, which reduces the amount of money raised.
The table shows Nasdaq Dubai’s flexibility with IPOs.
|Requirement||Nasdaq Dubai||Regional exchanges|
|Ownership restrictions||100% foreign ownership allowed by the exchange||Requirements for local ownership above 50% is common|
|Share price||Book building||Mainly fixed price|
|Market capitalisation||Minimum USD 10 million||Variable|
|Valuation||Market||Usually a regulatory authority|
|Lock-in period*||None||Restrictions often apply|
OWNERS CAN KEEP CONTROL
Only 25% of a company’s shares need to be sold
Owners can retain a majority of the shares after IPO, whereas on many other exchanges they must give up more than 50%.
A key advantage of Nasdaq Dubai is that owners can retain a majority of the shares after their IPO, and thus keep control of the company. No more than 25% of the shares need to be sold.
On many other regional exchanges, by contrast, the owners must give up more than 50% of the shares in the IPO, and thus lose control of the company.
A clear corporate governance structure, required for all Nasdaq Dubai companies, gives owners certainty about how decision-making at the company will take place after new investors have come on board.
LEVERAGE THE DUBAI ADVANTAGE
List in the Middle East’s business capital
A Dubai listing puts you at the heart of the Middle East’s most dynamic economic and financial centre.
A listing on Nasdaq Dubai puts your company at the heart of the Middle East’s most dynamic business capital, and its top financial centre, the DIFC. Dubai is a base for leading companies servicing the whole region extending from Morocco to India and Turkey to Oman. Doing business with Nasdaq Dubai grants unmatched access and visibility across this rapidly growing area.
Dubai ranked as the most competitive city in the Middle East, according to a 2012 Economist Intelligence Unit report on 120 cities around the world. Its business friendly policies have made it a leader in sectors from trade and transport to real estate, leisure and culture.
Eighty per cent of global Fortune 500 companies have a base in Dubai and its free zones are home to more than 20,000 firms.
As the region’s international financial centre, the DIFC hosts most of the world’s leading investment banks as well as Nasdaq Dubai.
Your presence on Nasdaq Dubai’s market will support your company’s expansion as it leverages the expertise and energy around it.
ROBUST TRADING PLATFORM
The world’s leading trading technology in action
Trading takes place on the world-class X-Stream trading platform that powers the world’s leading exchanges.
The highly efficient X-Stream technology, supplied by NASDAQ OMX, handles trading of billions of securities a day around the globe. It is the most widely used marketplace management system, operated by more than 25 exchanges - more than any other trading platform.
X-Stream provides a robust infrastructure for trades in a wide range of asset classes. This will give Nasdaq Dubai ideal flexibility as it expands to offer issuers and investors a growing choice of trading opportunities.
UNIQUE OPPORTUNITY FOR HIGH GROWTH COMPANIES
The runway for companies with international vision
The reduced IPO minimum market capitalisation of USD 10 million opens the gate for rapidly expanding businesses.
Nasdaq Dubai has set up an Advisory Group comprising leading banks, law firms, accountancy firms and other advisors to plan a market for small and medium-sized enterprises (SMEs) and high-growth companies. The Dubai SME organization is also a member.
The intention is to create a market supported by access for issuers to IPO advice at affordable rates and offering a broad investor base as well as a liquid secondary market. The project follows the reduction of the minimum market capitalisation for an IPO from 50 million dollars to 10 million dollars, introduced by the DFSA in 2012.
A market for SMEs and high-growth companies on Nasdaq Dubai will benefit regional and international issuers who wish to increase their visibility in Dubai, the region’s business capital, to help expand their activities in other countries.
More than 72,000 small businesses in Dubai contribute more than 40% to Dubai’s GDP. However many currently find it hard to access bank loans or other capital.