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Code: 38588 Visited: 1054 Publish Date: Mar 13 2017 - 12:38
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Capital Market
SEO Chief Urges Tech Firms to Join OTC
Tehran, March. 14 (SENA) - If science-based companies are listed in the stock market they will be valued more accurately, said a top financial official.

Tehran, March. 14 (SENA) - If science-based companies are listed in the stock market they will be valued more accurately, said a top financial official.

“Startups and tech companies can be valued accurately based on their achievements should they joint the stock market,” Dr. Shapour Mohammadi, chairman of the Securities and Exchange Organization, said in an interview.

Small and medium enterprises (SMEs) listed in the Iranian over the counter market have so far received little attention, but officials are vowing now that they will back SMEs, including tech firms, if they are listed.  

Iran Fara Bourse or the OTC is the market that tech companies can apply to be listed, Dr. Mohammadi noted.

Tech companies’ stakeholders would benefit much from IFB regulations if their companies join the IFB, the SEO chief said.

Venture capital funds, available in the OTC market, are one the advantages hi-tech firms can benefit from. “VC funds are able to finance expensive operations of tech companies,” he further said.

Iran has been facing a rise of science-based companies in the past decade, some of which have been valued hundreds of millions of dollars.

 

 
By: Security and Exchange News Agency (SENA)
 
 
 
 
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