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Jan 8, 2008
Nasdaq lists most US IPOs in 2007
NEW YORK - NASDAQ Stock Market, which runs the second-largest US stock exchange, said on Monday that it listed more US initial public offerings (IPOs) in 2007 than any other US exchange.

Bragging rights over listings are fiercely contested by Nasdaq and its main US rival NYSE Euronext, which argues that it dominated new US offerings based on market capitalisation.

Nasdaq said that of 237 IPOs eligible to list on Nasdaq or with NYSE Group, 154, or 65 per cent, listed with Nasdaq, led by Interactive Brokers Group.

Overall new listings, including dual listings, moves from other exchanges, and exchange-traded funds and structured products, numbered 290 in 2007, Nasdaq said. In a separate statement, it also said that of IPOs that went to Nasdaq, only a 'handful' qualified for listing on the NYSE. It said the Big Board attracted 90 per cent of qualified IPO proceeds in 2007, including the IPO of private equity firm Blackstone Group. Both exchanges have been aggressively looking for ways to attract more company listings.

Nasdaq, whose listings include many technology companies such as Intel Corp and Microsoft Corp, said it attracted 90 new listings in the fourth quarter. -- REUTERS

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