ICICI Securities, Oppenheimer & Co., Inc and NASDAQ host `Private Growth Companies Conference'
Conference to provide a platform for fund raising opportunities for private companies
ICICI Securities, Oppenheimer & Co., Inc and NASDAQ jointly co-hosted `The Private Growth Companies Conference' today at Four Seasons Mumbai. The conference was aimed at providing a common platform to discuss the opportunities and challenges for private companies in India.
Mr Anup Bagchi MD & CEO, ICICI Securities Ltd said, "One of the most important requirements in the growth journey of private companies is Capital. Indian companies today have the option for domestic as well as international listing opportunities, besides a large pool of private equity capital. ICICI Securities has created this platform for regulators, international stock exchanges, private companies, public and private investors to present the right perspective on the opportunities and challenges for Indian private companies. We trust this proves to be a useful platform, and continues to facilitate meaningful dialogue into the future."
Various fund raising opportunities such as listing outside of India, domestic listing as well as private equity investments to suit the growth stage and sector of the corporates seeking equity capital were discussed.
"To go public is perhaps one of the significant milestone events in the evolution of a company. This requires months of preparation financially, procedurally and psychologically. It has been our privilege to partner with companies in their process of going public and today, some of which are the largest and most respected corporates in India," added Mr Bagchi.
"We see a huge opportunity for private companies, especially in the mid cap sector, to access capital markets in the US. The institutional investors in the US are keen on Indian growth stories, and there exists a pent-up demand for investing in this segment, similar to what we saw from China some years ago," commented Mr Andrew Macinnes, Head of Equity Capital Market, Oppenheimer & Co., Inc
Rebecca Smith, Managing Director, Asia Pacific, NASDAQ OMX Group said, "NASDAQ is dedicated to providing Indian companies with access to the world's deepest liquidity pool with unparalleled global branding opportunities. As the world's foremost Exchange for innovative companies, we are tremendously excited about the leadership and high-innovation coming out of India and will continue to support our pre-IPO and existing Indian clients. We see a huge opportunity for Indian companies in terms of gaining a warm reception from US investors, translating to valuation. We are proud of the track record and strong performance of our listed companies from India, such as Infosys (N100, NGS: INFY), Cognizant (NGS: CTSH), EXLService (NGS: EXLS) and MakeMyTrip.com (NGS: MMYT). We look forward to being on hand in India in the coming future."
India is at an important tipping point in its economic growth and private consumption is one of the most important factors driving this growth with over 60% of the GDP consumed domestically. Thus the broad theme of the conference was this Indian consumption story. Companies from sectors such as e-commerce, retail, hospitality, consumer goods and healthcare participated in the conference.
Over 30 companies and 50 investors across asset classes participated in the conference. Interaction was fostered through panel discussions on sector specific themes such as travel and hospitality, education. Besides this, the conference also had many companies making presentations, both group as well as in one-on-one format.
ICICI Securities Ltd and Oppenheimer & Co. Inc. recently announced a strategic alliance to cooperate on business opportunities in the India and the United States.
About ICICI Securities Ltd:
ICICI Securities Ltd, the investment banking subsidiary of ICICI Bank, India?s largest private sector bank, is an integrated securities firm offering a wide range of services including investment banking, institutional broking, retail broking, private wealth management, and financial product distribution. Headquartered in Mumbai, India, ICICI Securities operates out of 66 cities and towns in India and its wholly-owned subsidiary company has global offices in Singapore and New York. More information at www.icicisecurities.com
About Oppenheimer & Co. Inc.:
Oppenheimer & Co. Inc., a principal subsidiary of Oppenheimer Holdings Inc. (OPY on the New York Stock Exchange), provides a full range of wealth management, securities brokerage and investment banking services to high-net-worth individuals, families, corporate executives, local governments, businesses and institutions.
About NASDAQ OMX
The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, with more than 3,500 listed companies. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market, NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX First North, and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and exchange-traded funds. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit http://www.nasdaqomx.com. Please follow NASDAQ OMX on Facebook (http://www.facebook.com/pages/NASDAQ-OMX/108167527653) and Twitter (http://www.twitter.com/nasdaqomx).