SMC: Exclusive: SMC Global puts US listing plans on back burner, explores India market

Stock broking firm SMC Global Securities Ltd, which has gone back and forth on its IPO plans over the years, is now exploring the Indian market to go public, even as it puts its US listing plans on the back burner, two people familiar with the development told VCCircle. In September, the firm had made a confidential filing and expected to list in the US by October. The development was reported exclusively by VCCircle. However, people mentioned above said that the company has had to grapple with regulatory issues and might have to finally shelve the plan. [...]