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ASX as a baby Nasdaq? Aussie market targets tech stocks

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The ASX is actively seeking out global tech start-ups to list on the Australian stock exchange, making it a smaller version of New York's Nasdaq market.

"We saw that the Australian investors really know to appreciate the Israeli technologies and talents," he said.For a monthly subscription, AppsVillage allows small and medium businesses to create an app without the need to pay a developer.

This week WiseTech, one of the top five ASX tech companies known as the WAAX stocks, was the first to cross over the $10 billion market cap threshold.Australia's small tech sector has expanded rapidly, outperforming the US tech boom over the past year. "It can happen very, very quickly. You can wake up in the morning and it's started — you don't see them rolling over, they've rolled over."

 

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