NEW YORK, Oct. 23, 2015 (GLOBE NEWSWIRE) -- Nasdaq, Inc. (Nasdaq:NDAQ) announced that trading of LM Funding America, Inc. (Nasdaq:LMFAU) commenced on The Nasdaq Stock Market on October 23, 2015.
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LM Funding is a specialty finance company that provides funding to nonprofit community associations. The company currently operates in the states of Florida, Colorado, and Washington. Since its founding in 2008, LM Funding has worked to help fill the financing void through the funding of delinquent accounts receivable for nearly 500 associations across these three states.
“LM Funding’s model allows community associations to focus on maintaining their operations, and we are excited to welcome the company to the Nasdaq family,” said Nelson Griggs, Executive Vice President, Listing Services, Nasdaq. “We congratulate LM Funding on a successful initial public offering.”
By listing on Nasdaq, LM Funding joins many of the world’s largest and most revolutionary companies. Nasdaq is the exchange of choice for 75 percent of companies in the financials sector that have listed on the U.S. markets year-to-date.
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