So far this year, Nasdaq-listed companies have raised a total of $ 34.4 billion through initial public offerings, compared to a total of $ 26.2 billion raised through IPOs by companies listed on the New York Stock Exchange. .
Editor’s note: This article comes from Tencent Technology .
In the U.S. capital markets, the Nasdaq stock market and the New York Stock Exchange have been engaged in fierce competition for IPO transactions of companies to be listed. According to the latest news from foreign media, this year, the amount of financing of listed companies through Nasdaq’s IPO is expected to exceed the New York Stock Exchange. This is also the major social failure of the US social network giant Facebook listed on Nasdaq in 2012. For the first time, Nasdaq surpassed the New York Stock Exchange in terms of financing.
According to foreign media reports, data from professional financial institution Dealogic show that so far this year, companies listed on NASDAQ have raised a total of US $ 34.4 billion through initial public offerings, compared to the New York Stock Exchange. The total amount of funds raised by companies listed on the Exchange through an initial public offering was $ 26.2 billion.
However, the New York Stock Exchange said that if a broader indicator system was used to measure how much money the NYSE-listed companies had raised, the exchange would still be the leader.
According to reports, in the case of IPO listing, NASDAQ has conducted IPOs of 154 companies this year, which is almost three times that of the New York Stock Exchange. The NYSE has only 47 cases of IPOs this year. Case.
In a major listing case, Uber raised $ 8.1 billion on the New York Stock Exchange and another company, Avantor, raised $ 3.3 billion on the exchange. In Nasdaq, Uber’s ride-hailing rival Lyft raised $ 2.6 billion.
It is worth mentioning that this year, a new model of direct listing in the US capital market has emerged. For example, companies such as Spotify have bypassed the traditional IPO process and directly listed on the stock exchange after stock registration. Massive traders in the US stock market come to automatically discover stock prices and company market capitalization. Listed companies do not need to conduct roadshows or pay underwriting to investment banksFees, this listing model is more suitable for those technology companies that have raised enough funds in the past, or have achieved profitability and have little financial pressure.
According to foreign media reports recently, the direct listing model is becoming more and more popular among technology companies. Almost all technology companies preparing for listing plans are considering this listing model. Next year, a large number of companies will skip IPOs. It also means that the NASDAQ and New York Stock Exchange’s future IPO financing may decline.
However, it is reported that the New York Stock Exchange is going to modify the trading rules to allow listed companies to directly trade and at the same time be able to issue some shares and raise a sum of funds in a different way from traditional IPOs. (Tencent Technology Review / Cheng Xi)