The Securities and Exchange Commission process continues as Burford Capital moves ahead with its plan for a listing on the New York Stock Exchange. The company has been listed on the AIM exchange in London since 2009. Burford announced that they have received approval for the new listing, however, official approval is still pending as customary listing conditions dictate.
An LFJ Conversation with Michael Kelley, Partner, Parker Poe
The Securities and Exchange Commission process continues as Burford Capital moves ahead with its plan for a listing on the New York Stock Exchange. The company has been listed on the AIM exchange in London since 2009. Burford announced that they have received approval for the new listing, however, official approval is still pending as customary listing conditions dictate.
City AM details that Burford revealed plans to acquire a US listing after a short-sell attack by Muddy Waters—a US hedge fund that accused Burford of releasing misleading financial statements.
After the announcement regarding the dual listing, Burford shares leaped nearly 5% before settling back to being up .85%.
