CBD Energy Anticipates Nasdaq Listing by January

CBD Energy Ltd. (CBD), a Sydney-based developer of wind and solar power, plans to delist from the Australian Securities Exchange and expects to be listed on the Nasdaq Stock Market by January to improve its access to capital, the company’s chairman said.

CBD reported A$70 million ($62.4 million) in sales in the fiscal year ending June 30 and has a market value of A$4.7 million. Access to U.S. capital markets may make it easier to tap funding and boost revenue by 25 percent a year in its three key markets: the U.S., the U.K. and Australia and New Zealand, Gerry McGowan said today in an interview at Bloomberg’s headquarters in New York.

“We are hopeful we will be here late-December or early-January, starting to trade,” he said.

To contact the reporter on this story: Ehren Goossens in New York at egoossens1@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.