The businessman said: “This is an invitation to the most important economic club in the world, which is also very satisfying after the constant process of defamation that we went through last year.”
Daes referred to a negative publication by a short buyer that caused the Tecnoglass share to collapse nasdaqby almost 40% at the end of last year, which was subsequently distorted.
Several months later, the stock has recovered and remains above USD 20.
Regarding the admission to the New York Stock Exchange, Daes explained that it was a process “that takes a lot of documentation as there are a lot of rules that have to be shown to be applied in the company, but we have a pretty strict corporate governance , we kept the accounts well and it was a simple process”.
He notes that in the eight and a half years that the company has listed its shares on the Nasdaq market, good results have been achieved with exceptional growth.
“When we arrived, the company cost $130 million and now it’s in USD 1.3 trillion and sales are four times higher. We have experienced significant growth,” he explains.
“We left with sadness and they didn’t like that we left either, but this was an invitation we couldn’t ignore,” he said.
Source: El heraldo
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
