Nasdaq listing will ease investor concerns about an ongoing research into Amaya by the Quebec financial regulator.
Amaya Inc happens to be approved for listing on the Nasdaq Global Select Market and expects to begin trading on 8 under the AYA ticker symbol, the company announced this week june.
The team has exchanged in the Toronto inventory exchange since 2013, but Amaya feels that the Nasdaq listing will represent a step up into the big leagues, befitting its newfound status as a global gaming giant.
It will help assuage concerns about an investigation that is ongoing the Montreal financial regulator, Autorité des Marchés Financiers (AMF).
Amaya’s share prices took a hit that is temporary its Canadian offices were raided in December included in a probe into alleged improper conduct in the lead up to your business’s $4.9 billion takeover of PokerStars.
Within the weeks before the acquisition announcement the company’s share price almost doubled, causing suspicions of insider trading.
Based on search warrants and affidavits released from a publication ban by a Quebec judge, the AMF was granted approval to confiscate computers and electronic security products from three staff members whoever names have been redacted from the document.
Amaya has emphasized that it is cooperating fully with the investigation and it fully expects to be cleared of any wrongdoing.
‘The company is confident tha Continue reading Amaya Inc Approved For Nasdaq Exchange Detailing