Description: Nasdaq is looking to buy the St. John’s based online security firm Verafin for $2.75 billion. Verafin’s security reach extends to tracking down elusive financial crime, such as money laundering. The plan is to keep the firm in Newfoundland and Labrador, with Nasdaq’s global client base offering an excellent opportunity to grow the business.
Date: November 19, 2020
1) Did you realize that Atlantic Canadian firms were major contributors to the online world? Have you heard of the recent book Unicorn in the Woods that discusses this phenomenon?
2) What do you think causes some companies to be so innovative?
3) Page 312 in Wiley’s Understanding Financial Accounting talks of both the Nasdaq and the TSX. What is the difference between these two exchanges? Why would an organization choose to list on both?