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Message: Difference between Canada and Norway

Difference between Canada and Norway

posted on Mar 02, 2010 06:58AM

I wonder why the share issue in Norway (internationally) had a minimum of EUR 110,000 while for the Canadian market the minimum was 500 shares (referring to post made by Inceptus).

Possible explanations:

QEC already knew there were more than enough large investors interested outside of Canada, while they were more uncertain in regards to the Canadian market.

QEC wanted stable long term investors for Oslo, while wanting short term trading-focused investors for Toronto. The average trading volume in Oslo is a lot higher than in Toronto, and I have always though that, based on the low volume, shares in Toronto should be priced at a discount compared to shares in Oslo.

Any thoughts on the matter?

At the moment the SP in Oslo is at NOK 27 (up 7.57 %), and the volume is at 6.9 million shares.

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