News Formal

Nasdaq exec: A 'phase one' trade deal would give the IPO market the certainty it's looking for

  • 📰 CNBC
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 72%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

The U.S.-China trade war has overshadowed Chinese listings in the U.S., but a 'phase one' trade deal would go a long way toward removing uncertainties, says the chairman of Nasdaq Asia-Pacific.

In May, McCooey said he expected over 40 initial public offerings from China in the U.S. in 2019.

On Monday, CNBC's Nancy Hungerford asked if that target would be met. He replied: "We will probably get to close to 35 to 38 again this year." The two sides are currently negotiating a "phase one" deal and there are growing hopes that the partial deal will be agreed. The Chinese Ministry of Commerce said on the weekendHowever, it's not expected to cover more sensitive structural issues that have plagued negotiations for months.

"So therefore some of the valuations haven't really come in exactly where the companies would have wanted and I think they were waiting for there to be some more certainty," McCooey added.Asked whether a phase-one deal between the U.S.

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:

 /  🏆 12. in MY
 

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

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

Saudi Aramco IPO Price Range Values Company at Up to $1.7 TrillionSaudi Arabia’s state-owned energy giant is aiming for a valuation of $1.6 trillion to $1.7 trillion from its planned initial public offering, falling well short of the initial $2 trillion targeted by Crown Prince Mohammed bin Salman.
Source: WSJ - 🏆 98. / 63 Read more »

Saudi Aramco IPO set to value company up to $1.7 trillionSaudi Aramco has set a price range for its listing that implies the oil giant is...
Source: Reuters - 🏆 2. / 97 Read more »

Saudi Aramco will not market IPO in the United States: sourcesSaudi Aramco does not plan to market its domestic initial public offering (IPO) ...
Source: Reuters - 🏆 2. / 97 Read more »