iQ3Corp Ltd to operate investment bank with SEC registration
Date
7/21/2016 8:08:07 AM
(MENAFN- ProactiveInvestors - Australia)
iQ3Corp Ltd";s (ASX:IQ3) fully owned subsidiary, iQ Capital, has obtained a license to operate an investment banking business in New York, after registration by the Securities & Exchanges Commission.
The operation will focus on life sciences and biotechnology sector.
The company had been building a deal book in the U.S. market and with iQ Capital now fully operational, it can move these deals to the next level.
iQ Capital in collaboration with iQ3Corp and the APAC Business Unit in Shanghai.
This is expected to result in capital and deal flow across U.S.A., Australia and China connecting strategic investors to life science companies.
iQ3Corp reported revenues of $1.2 million for the six months ended 31 December 2015, an increase of 178% over $432,000 reported during the same period in 2014. <
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