Iona will widen investment options on Dublin market

Irish investors will find it easier to invest in leading software firm, Iona Technologies, once it lists on the Dublin exchange…

Irish investors will find it easier to invest in leading software firm, Iona Technologies, once it lists on the Dublin exchange later this year. Iona already trades on Nasdaq, of course, but The Irish Times reported earlier this week that plans for a float in Dublin were well advanced.

Iona's American Depository Shares recently dealt at around $15 (£9.90) a share on Nasdaq, somewhat below its $18 listing price. But the company has received some favourable comment from Irish brokers recently and will be an interesting addition to the Dublin market.