Investor's Champion Blog
Provides refreshingly forthright, independent comment on predominantly small cap companies and specialist investment funds. Informed opinion, based on first-hand research, but pulls no punches in exposing management weaknesses.

Ocean Power Technologies - tax benefits lost

Ocean Power Technologies the wave power company has announced the pricing of its US initial public offering at $20.00 per share. The Company’s shares will begin trading on the Nasdaq Global Market today under the symbol OPTT.

The Company also stated that it plans to continue to list its common stock on AIM. However, as the shares are now listed on a regulated market I assume that any potential inheritance tax benefits previously enjoyed by UK shareholders (or their estates) will now be lost.


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