YOU On Demand uplisted To NASDAQ
Louise Duffy ©RapidTVNews | 30-05-2012
Chinese VOD platform YOU On Demand has been approved to list its common stock on the NASDAQ Capital Market. Trading on NASDAQ will start at 9:30am EDT today, 20 May. YOU On Demand's common stock will trade under the new ticker symbol "YOD" (formally OTCBB: CBBD).
Shane McMahon, chairman and CEO of YOU On Demand, said: "We are excited to list our shares on NASDAQ, one of the world's premier stock exchanges. This is a significant milestone in YOU On Demand's development and validation of our corporate governance practices. We believe that our listing on a national exchange as prestigious as NASDAQ will give our company the potential to broaden our shareholder base, improve liquidity and increase visibility of our achievements moving forward."