The company's share price, which was $3.33 on Thursday, fell to $4 on Friday. The company operates in various countries including Nepal, Canada, and the Dominican Republic.
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FuseMachines, a company working in the AI sector, has started trading on the US stock exchange Nasdaq by listing its shares. The company began trading on Thursday local time under the ticker 'FUSE'.
Nasdaq, which is famous for listing large companies in the technology industry, lists major tech companies such as Apple, Microsoft, Google, Amazon, and Meta. FuseMachines was listed on the Nasdaq Global Market after completing a business combination with CSLM Acquisition Tax, the company said in a statement.
The company's share price, which was $3.33 on Thursday, reached $4 on Friday. Computer scientist Samir Maskey founded FuseMachines Inc. in the United States in 2013. Currently, the company has expanded to various countries including Nepal, Canada, and the Dominican Republic.
The listing of the technology company founded by a Nepali-origin entrepreneur on the American Stock Exchange has been considered an achievement by Nepal's technology sector. The company stated that this achievement is another new chapter in its goal of making AI accessible to all people.
‘We have come a long way from a small group of brainstorming and innovation efforts to being listed on Nasdaq,’ says Maskey, the head of Fusemachines. ‘This achievement would not have been possible without our collective efforts. This is a defining moment for us and the result of years of hard work. However, we consider this to be just the beginning.’
