Nasdaq And The Ministry Of Economy Of Ukraine Sign Collaborative Agreement To Facilitate Entrepreneurism And Capital Formation; Nasdaq Intends To Waive Listing Fees For Ukrainian Companies Listing On Nasdaq's U.S. And European Markets
Portfolio Pulse from Benzinga Newsdesk
Nasdaq and the Ministry of Economy of Ukraine have signed a Memorandum of Understanding to support Ukraine's economic and capital market development. The agreement includes collaboration on technical assistance, promoting entrepreneurship, and facilitating capital formation for Ukrainian companies. Nasdaq will waive listing fees for Ukrainian companies on its U.S. and European markets, pending regulatory approval. This partnership, facilitated by USAID, aims to strengthen Ukraine's economy and attract long-term financing for Ukrainian companies.
February 12, 2024 | 4:34 pm
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POSITIVE IMPACT
Nasdaq's partnership with Ukraine's Ministry of Economy to waive listing fees for Ukrainian companies could enhance its global presence and attract new listings, potentially increasing its revenue from other services.
Waiving listing fees for Ukrainian companies could attract more listings to Nasdaq, enhancing its global presence. While the immediate revenue from listing fees might decrease, the long-term benefits from increased market activity and additional services could outweigh the initial costs.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90
POSITIVE IMPACT
The partnership between Nasdaq and Ukraine, including waiving listing fees for Ukrainian companies, may indirectly benefit VGK by increasing European market activity and potentially enhancing the value of European stocks within the ETF.
Although VGK is not directly involved in the Nasdaq-Ukraine partnership, the initiative to waive listing fees for Ukrainian companies in European markets could lead to increased market activity. This, in turn, might positively impact the value of European stocks, including those within VGK.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50