Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nasdaq  >  Nasdaq    NDAQ

NASDAQ (NDAQ)
Mes dernières consult.
Most popular
Report
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Nasdaq : SGX in pact to woo firms interested in listing on both boards

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/19/2017 | 09:04am CET
FILE PHOTO: An SGX sign is pictured at Singapore Stock Exchange

Singapore Exchange Ltd (SGX) (>> Singapore Exchange Limited) and Nasdaq Inc (>> Nasdaq Inc) said on Wednesday they were teaming up to woo fast-growing Asian tech firms interested in listing on both their exchanges, as they look to better compete for mid-sized IPOs.

Singapore Exchange Ltd (SGX) (>> Singapore Exchange Limited) and Nasdaq Inc (>> Nasdaq Inc) said on Wednesday they were teaming up to woo fast-growing Asian tech firms interested in listing on both their exchanges, as they look to better compete for mid-sized IPOs.

The tie-up, which comes as the two exchanges grapple with a decline in new listings, would help Asian companies first list in Singapore as a springboard and then ease smoothly to the Nasdaq as they expand globally.

"This would be a very good East-West bridge for companies at different stages of growth to accelerate going public by choosing Singapore first or if they want to have a dual class regime, go to the U.S. but still have a secondary listing in Singapore concurrently," Chew Sutat, head of equities and fixed income at SGX, said in an interview.

While global IPO volumes have jumped about 32 percent to $126.3 billion so far in 2017, according to Thomson Reuters data, much of that business is going to exchanges in China and the New York Stock Exchange.

By contrast, Nasdaq has seen a 2.3 percent decline while SGX has seen a fall of 2.7 percent.

Several Asian technology companies have sought listings in New York because of the size of the market and number of fund managers more familiar with investing in unprofitable startups.

Asian companies aiming to list in the United States include Singaporean online games maker Sea Ltd, which is looking to raise nearly $700 million with its IPO, Thomson Reuters publication IFR has reported.

Chew said there was strong case for many companies to start off in Asia first.

"Many regional Southeast Asian or Chinese companies have their businesses predominantly in Asia and if they're not of the size and scale that makes them attractive in a big market like the U.S., they could get lost," he said.

(Additional reporting by Susan Mathew in Bengaluru; Editing by Edwina Gibbs)

By Elzio Barreto

Stocks treated in this article : Nasdaq Inc, Singapore Exchange Limited
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on NASDAQ
04:01p DISCOVERY COMMUNICATIONS, INC. (NASD : DISCA) to Ring The Nasdaq Stock Market Op..
09:35a NASDAQ : Price to Cash in Focus
01/22 Indianapolis Motor Speedway to Ring The Nasdaq Stock Market Closing Bell
01/22 Nasdaq Elects Joseph Mecane to the Board of Directors of its U.S. Exchanges
01/22 PARAMOUNT NETWORK AND VIACOM INC. (N : VIA) to Ring the Nasdaq Stock Market Open..
01/22 NASDAQ : Welcomes Cielo S.A. to the International Designation
01/22 Agency for the Cooperation of Energy Regulators (ACER) continues to use Nasda..
01/22 NASDAQ : Agency for the Cooperation of Energy Regulators (ACER) continues to use..
01/19 EDUCATIONAL DEVELOPMENT CORPORATION : EDUC) to Ring The Nasdaq Stock Market Clo..
01/19 Cast from THE PHANTOM OF THE OPERA on Broadway to Ring The Nasdaq Stock Marke..
More news
News from SeekingAlpha
01/19 The Implosion Of Public Markets
01/17 Launch of the NYSE National exchange
01/10 Nasdaq equity volumes dives in December due to holiday season
01/09 INVESTOR AB : An Intriguing Way To Play The Swedish Economy And Healthcare
2017 IEX, LIBOR, Morality And Markets
Financials ($)
Sales 2017 2 422 M
EBIT 2017 1 128 M
Net income 2017 643 M
Debt 2017 3 304 M
Yield 2017 1,82%
P/E ratio 2017 21,31
P/E ratio 2018 18,43
EV / Sales 2017 6,92x
EV / Sales 2018 6,27x
Capitalization 13 449 M
Chart NASDAQ
Duration : Period :
Nasdaq Technical Analysis Chart | NDAQ | US6311031081 | 4-Traders
Technical analysis trends NASDAQ
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 86,3 $
Spread / Average Target 7,0%
EPS Revisions
Managers
NameTitle
Adena T. Friedman President, Chief Executive Officer, COO & Director
Michael R. Splinter Chairman
Michael Ptasznik Chief Financial Officer & EVP-Corporate Strategy
Bradley J. Peterson Chief Information Officer & Executive VP
Lars Rune Wedenborn Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
NASDAQ4.22%13 449
CME GROUP5.64%52 898
HONG KONG EXCHANGES AND CLEARING LIMITED24.48%47 735
INTERCONTINENTAL EXCHANGE INC7.14%44 363
INTERACTIVE BROKERS GROUP, INC.5.52%26 213
DEUTSCHE BOERSE1.88%23 395