$3B and Counting - Courier Mail 16th Nov 2011Wed Nov 16 2011
THE team at the Queensland-based corporate advisory firm Stepping Stone Equity were popping champagne corks this week after reaching a milestone, at least for listed funds.
Stepping Stone racked up $3 billion of listed funds for clients and now, apparently, is focusing its efforts on helping businesses list overseas.
Its chief, James Skinner, says the company has carved out a niche facilitating listings on Germany's Deutsche Bourse and is already looking at other international exchange options.
"For many of our clients, gaining liquidity means listing on an exchange, however most Australian companies find the ASX process arduous and expensive," he said, despite the eurozone crisis.
"More and more companies are choosing international exchanges - such as the Deutsche Bourse's Frankfurt Stock Exchange - over their home country's stock exchange as the listing process is much faster than any other public listing in the world and ongoing costs are much less."