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Euronext Amsterdam sees listing of U.S. firms-paper

Wed Nov 28, 2007 2:36am EST

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AMSTERDAM, Nov 28 (Reuters) - Transatlantic exchange NYSE Euronext (NYX.PA) expects U.S. companies with New York Stock Exchange listings to seek secondary listings in Amsterdam, a Dutch newspaper quoted a NYSE Euronext board member as saying on Wednesday.

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"A substantial number of offerings are in the pipeline. The first will come soon, although it also depends on market sentiment," Joost van der Does de Willebois, head of Euronext Amsterdam was quoted as saying in Dutch daily Het Financieele Dagblad.

Van der Does de Willebois cited U.S. or Indian companies with an NYSE listing as an example for seeking a secondary listing in Amsterdam, and the firms would have a market capitalisation of a few billion euros, the paper quoted him as saying.

"When such a company gets a secondary listing in Amsterdam, you can expect a stock trade of 10 to 15 percent of its primary listing's trade," Van der Does de Willebois was quoted as saying by the paper.

Euronext Amsterdam has a so-called "fast track procedure", allowing companies to quickly get a secondary listing, the board member was quoted as saying, adding that Euronext's other exchanges also were interested in this procedure.

Euronext operates the Paris, Amsterdam, Brussels and Lisbon bourses and the Euronext.Liffe derivatives exchange. (Reporting by Gilbert Kreijger; Editing by David Cowell)



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