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The listing gives further legitimacy to the use of digital currency among investors.
With the transaction expected to close in the second quarter of 2021, it pegs Anghami at an initial pro-forma enterprise valuation of approximately US$220 million.
Nasdaq said on Tuesday that companies listed on its main US stock exchange should have "at least two diverse directors" on their boards or face being delisted. Currently, three in four companies listed do not meet these requirements.
By being listed on the Nasdaq Dubai Growth Market, entrepreneurs get a cost effective way to finance their growth while keeping the full control of their business.
The 13-year-old company follows a long list of Chinese tech companies going public
The biggest ride-hail service in the US, after Uber, priced its initial public offering at $72 per share, with a $24 billion valuation
Devina Sharma and Shankar Sharma founded India's first ever brokerage firm, having a London Stock Exchange as well as Nasdaq membership
"Blockchain technology continues to redefine not only how the exchange sector operates, but the global financial economy as a whole."
Reggie Aggarwal had two career options in sight when he graduated from an US school, either to become an engineer or a doctor, after his parents' wishes.
The best time to start a company is when everyone else is leaving the marketplace.
The CEO of Nasdaq reveals where he thinks many private tech firms go wrong.