The public market leader for social discovery in the U.S. -
) has decided to shift its stock trading to
Nasdaq OMX Group Inc.
) Nasdaq Global Capital Market from Apr 15 onwards. This leading
social network is currently listed in New York Stock Exchange
Market (NYSE MKT).
The incursion of MeetMe will accentuate Nasdaq listings
portfolio as the former is a rapidly growing social network,
primarily through mobile devices. The company generates 70% of
its social media traffic on mobiles through social games and
applications, thereby improving mobile monetization through
advertisements and virtual currency.
In 2013, MeetMe's mobile revenue escalated 106% over 2012,
reflecting ample growth prospects in the future. Strong
fundamentals will further enhance Nasdaq's trading and volumes
Nasdaq Gaining Edge
The Nasdaq Stock Market is the largest cash equities
securities market in the U.S. in terms of listed companies and
globally, in terms of share value traded. Hence, MeetMe is likely
to benefit from Nasdaq's leading technology platform, which
enjoys a superior standard and customized securities
Alongside, Nasdaq's X-stream, INET and SMARTS technologies are
well positioned to contribute to growth as the industry is
becoming more focused on solutions to effectively manage
risk.These factors also aid in attracting new listings and
accelerate client activity in the recovering economic
In the past, Nasdaq has dominated the global listings business
particularly crowned with the initial public offerings (IPOs) of
), to name a few.Additionally, Nasdaq's non-transaction revenue
base posted largest increases in revenue growth in 2013.The
company also topped the listings market as its number of IPOs
rose 74% in 2013 and about 28% in the first-quarter of 2014,
indicating improved outlook for 2014.
Moreover, MeetMe is not the only company that has decided to
shift to Nasdaq. Previously,
Marriott International Inc.
) shifted to Nasdaq Global Select Market from NYSE in Dec and Oct
2013, respectively. Earlier this week, another Stonegate Bank,
which is an over-the-counter (OTC) trader, has applied to be
listed on Nasdaq and is likely to begin trading by May this year.
These shifts also reflect the industry's confidence in
Although one cannot overlook the technical anomalies faced by
Nasdaq in the past couple of years, we believe that the company
is aggressively focusing on improving its technical competence in
order to respond to the changing industry dynamics and dig in
prospects for gaining scale.
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