Danish owner Torm has got the necessary approval from New York to proceed with a dual listing on the Nasdaq. Torm’s shares will debut in the Big Apple on December 11.
“The purpose of a dual listing is to provide TORM’s investors with the opportunity to trade their Class A common shares on a USD-denominated exchange and to improve the liquidity in TORM’s Class A common shares over time. TORM believes that a dual listing will attract further investor interest and provide stronger visibility towards an international investor community, which will strengthen TORM’s strategic and financial flexibility,” the company said in a release.
