When Houston's Frontera Resources Corp. went public in 2005, it raised close to $90 million in an initial public offering on the Alternative Investment Market in London instead of on the NASDAQ exchange in New York. One reason Frontera chose the London exchange was the ability to avoid the cost of complying with U.S. SEC rules as well as the Sarbanes-Oxley Act.
May 22, 2006 at 12:00 AM
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