Trendlines looks to Tel Aviv dual listing to attract investors, raise liquidity
There is greater familiarity in Israel than Singapore for companies with similar business models, says CEO
Singapore
THE Trendlines Group is making a fresh attempt at boosting its market valuation with a plan for a dual listing on the Tel Aviv Stock Exchange (TASE).
"We are very frustrated by where the stock trades," said Todd Dollinger, one of the company's two chief executive officers (CEOs). Shares of Trendlines, an investor in early-stage companies, closed Thursday at 10.3 Singapore cents or 64 per cent of their book value.
This is in contrast with some companies that have similar business models but are listed elsewhere, such as London and Israel, and currently trade at premiums to book value, said Trendlines' other CEO Steve Rhodes.
While shares have risen 13.2 per cent year to dat…
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