NYSE & Nasdaq Battle for Asian Fintech Listings

Note from the Publisher:  I like to tell anyone who will listen that the NYSE is now based in Atlanta.  Of course that’s not really the case, but they are now owned by ATL-based Intercontinental Exchange Group.  Be that as it may, Reuters is reporting that NYSE is now in a high-stakes showdown with Nasdaq over new tech listings out of Asia.  Nasdaq recently declared itself a fintech, and both venerable exchanges have much deeper product offerings that extend beyond their IPO listings.

“The New York Stock Exchange (NYSE) sees technology companies driving a revival in new Asian listings and expects double-digit IPOs through the end of 2017 from the region, the exchange’s global head of capital markets said in an interview.

New listings should start picking up pace in the next months after a slow first half of the year, said Garvis Toler, who is finishing up a trip to Asia with stops in Japan, Indonesia, Hong Kong and mainland China….NYSE, which is owned by Intercontinental Exchange Inc (ICE.N), regularly battles with rival Nasdaq Inc for listings, including technology and internet companies that had been a staple for the Nasdaq for many years.”

Read Full Article at Reuters