You've had the Nasdaq, now check out the Greendaq
World's first equity and commodities exchange for green companies launches Tom Young, BusinessGreen, 03 Apr 2009 The world's first equity and commodities exchange exclusively for green companies was launched on Wednesday, providing a new avenue for clean tech startups to raise funding.
The GREENDAQ exchange will aim to reduce risks for investors by providing them with the opportunity to invest across a selected group of pre-vetted companies. The first company listed will be Carbon Credited Farming, a British developer of jatropha-based biofuels, and Greendaq expects to have five companies listed in the next two months and 20 companies or green commodities listed within the first year of operation. It plans to list new classes of commodities it calls green oil, green energy and green lumber, and will be looking to attract minimum investments of around $100,000.
Andrew McLean, chief executive of Greendaq, said the exchange had been created to meet increasing demand from investors for low carbon investment opportunities. "Our goal is to fund compelling - and qualified - innovative Green Companies while providing qualified investors' access to the first global green centric exchange," he told Reuters. The exchange plans to generate revenue by charging companies for listings and charging investors fees for the execution of sales.
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