QZ Asset Management has filed to be listed on Nasdaq, but this process will take some time to complete.
The real QZ Asset Management has filed to be listed on Nasdaq, but the entities who impersonate this company have not.
The IPO registration process is complicated and can take a while to complete before the company can be officially listed.
Unravelling the mystery: Is QZ Asset Management really listed on the Nasdaq?
Usually it is fairly easy to distinguish between an asset management scam and a legitimate company if you know what to look for.
However, when it comes to QZ Asset Management and the claims that the company has filed to be listed on Nasdaq, things become much more complicated.
The real QZ Asset Management (under the name QZ Global LTD) company has indeed started the process of being listed on Nasdaq with the proposed ticker symbol of QZAM.
However, as is often the case in the digital environment, there are several other entities impersonating this company online.
In fact, the official QZ Asset Management has had to take to their Twitter and Facebook pages to warn people about other profiles imitating them and have confirmed that the qzinvest.com website is the only legitimate website that the company uses.
Any other website or page claiming to be QZ Asset Management is not the same company, and is not associated with the ongoing IPO registration process.
The details of QZ Asset Management’s filings
According to Nasdaq’s IPO Calendar, which displays the details of all of the companies that have filed for new IPOs, QZ Asset Management officially filed for their IPO on 24 February 2023.
This filing also included an impressive offer amount of $390,000,000.00.
So far, it seems like QZ Asset Management is still in the beginning stages of this process and their financial records have not been filed yet. This also means that the company does not trade on Nasdaq just yet.
A brief overview of the IPO registration process
Before the QZ Asset Management company can be publicly listed, it will need to complete the a few steps, including an extensive underwriting and due diligence process.
QZ Asset Management claims that it is planning to use the proceeds from its IPO listing to further its proprietary BDAI technology. But some experts are sceptical about the company’s unverified financial claims.
How long does the IPO registration process usually take?
Since there are so many steps that need to be completed for every company looking to register a new IPO, this process can often take longer than expected.
On average, the process takes about six months to a year for companies to complete before they are officially listed on Nasdaq.
