Nasdaq Expands Global Footprint with Increased Listings and Programs for APAC-based Companies
Over the past few years Nasdaq has seen growing interest from Asia Pacific companies seeking more diversified listing opportunities outside their home market. I visit the region regularly to engage with growing companies and discuss global listing opportunities.
Nasdaq is already home to many innovative listed companies based in the APAC region, including N-100 companies Baidu (Nasdaq: BIDU), JD.Com (Nasdaq: JD), and Ctrip (Nasdaq: CTRP), and other listings such as Melco Resorts & Entertainment (Nasdaq: MPEL), and Weibo (Nasdaq: WB), and many others. Nasdaq continues to welcome listings from Asia Pacific and we expect a handful of more listings this year.
I have focused some of my most recent travels in Southeast Asia, where countries are fostering nontraditional talent and encouraging the growth of entrepreneurship. Nasdaq recently announced that Vietnam-based technology startup VNG Corporation is exploring an IPO opportunity on the Nasdaq Stock Market. VNG marks Vietnam’s first unicorn expected to list in the U.S., and we look forward to supporting the company’s continued growth and access to the capital markets.
As part ofVietnamese Prime Minister Nguyen Xuan Phuc’s first U.S. visit, he attended the Nasdaq and VNG Corporation Memorandum of Understanding signing ceremony.
Beyond listings opportunities in the U.S., Nasdaq offers other opportunities for global companies who are looking to increase liquidity and tell their story to the investment community. The Nasdaq International Designation program supports companies that have Level 1 ADRs and list on an exchange outside the U.S. by helping to increase the visibility and liquidity for their shares. Total market cap of member companies exceeds $140B. From Australia, program members include Macquarie Group, Qantas Airways, Audio Pixels Holdings and Alexium International Group. Company members that hail from Japan include Nidec Group, Rakuten, Cyberdine and Kubota Corp.
Through Nasdaq's Listings team and our Nasdaq International Designation program, we are excited to continue helping global companies gain unparalleled visibility and enhanced exposure to the U.S. investment community.
If you are interested in learning more about a Nasdaq Listing or the Nasdaq International Designation Program, contact me at Bob.McCooey@nasdaq.com.
The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security, sector, or country, or an overall investment strategy. Neither Nasdaq nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding country and sector performance and specific companies are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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