Winter Park tech firm Izea Inc. is making plans to be part a much bigger stock exchange platform in 2016, and that move could land the company major investor money.
Izea announced on Dec. 22 that it is preparing to begin trading on Nasdaq— the second-largest exchange in the world by market capitalization. Izea already is a public company under the Over-The-Counter (OTC) Markets Group, but if Izea’s initial listing application is approved by Nasdaq, the company could drop OTC and begin trading through the larger group as soon as January.
“We believe that listing the company on a more prominent national securities exchange will allow a broader base of worldwide institutions, investment funds and retail investors to participate in our future growth,” CEO of Izea Ted Murphytold the Orlando Business Journal. This news comes after the company closed two acquisition deals this year, as well as reported record third-quarter revenue of $5.4 million.