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Investing.com -- Shares of Syensqo SA (EBR:SYENS) fell more than 11% on Thursday after the company announced it is exploring a potential dual listing in the United States, in addition to its current Euronext (EPA:ENX) Brussels listing.
The Board of Directors is assessing the feasibility and potential benefits of a U.S. listing, including increased visibility and access to North American investors.
“The Americas is Syensqo’s largest region, representing more than 40% of our sales and people, as well as being home to more than half our industrial footprint.,” said Dr. Ilham Kadri, chief executive at Syensqo.
She added that as the company expects major growth and investment in North America, a U.S. listing could help expand and enhance its investor base.
Syensqo said it will announce a decision once the evaluation is complete.