News Formal

Nasdaq Revamps IPO Floor as Public Market Shows Signs of Thawing

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 50%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Days before what’s expected to be the biggest listing of the year, Nasdaq Inc. unveiled a remodeled floor where companies launch their public stock offerings in a bid to win new business.

The second-largest US exchange debuted its new MarketSite on the second floor of a tower in New York City’s Times Square. The newly designed, tech-focused space houses a 360-degree TV studio and museum of artifacts from Nasdaq-listed companies, including Costco membership cards, vintage PepsiCo bottles and Mattel’s Barbie and Ken dolls.

“The IPO used to be a broadcast-first experience. We wanted to make it more of an informative event,” Zef Nikolla, head of Nasdaq’s MarketSite, said in an interview Thursday, the day of its re-opening. “We’re focused more on the IPO itself.” “Not everyone is aware of what’s happening during a company’s first-trade,” Nikolla said. “We want guests to focus and understand those dynamics.”

Nasdaq, the much younger venue, has traditionally been the place for upstart, growth-oriented tech companies. The NYSE has long been considered the more prestigious — and expensive — home for stable, old-line companies.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 83. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Factbox-U.S IPO market poised for strong finish in 2023 amid a flurry of listingsU.S. investors are awaiting a slew of initial public offerings (IPO) in coming months, hoping to ride the recent rally in equity markets. British chip-designer Arm Holdings, owned by Japan's Softbank Group, launched what is expected to be this year's biggest IPO that could raise about $5 billion and value the company at as much as $52 billion. The company publicly filed its IPO with U.S. Securities and Exchange Commission (SEC) last month and kicked off its IPO roadshow this week in Baltimore, where influential asset manager T Rowe Price is headquartered.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Nasdaq sinks as Apple losses deepen, Fed's next move in focus: Stock market news todayStocks were lower on Thursday amid building signs the US economy could be running hot.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Nasdaq tumbles as Apple losses deepen, Fed's next move in focus: Stock market news todayStocks were lower on Thursday amid building signs the US economy could be running hot.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »