Torm gets green light for Nasdaq dual listing

Torm gets green light for Nasdaq dual listing

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.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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