China-Singapore Jingwei client, June 9th, according to the Wall Street Journal's Chinese website, affected by the epidemic, the scale of the Nasdaq IPO exceeded the NYSE.
The Wall Street Journal's Chinese website explained that the new crown epidemic not only suppressed the initial public offering (IPO), but also restricted listed companies from holding their first day celebrations on the NYSE's historic trading floor. As a result, the Nasdaq market this year The scale of the IPO has slightly exceeded the NYSE.
The Wall Street Journal's Chinese website quoted Dealogic data. From the beginning of 2020 to the present, the IPO of the Nasdaq market has reached 12.2 billion U.S. dollars and the NYSE is 10.9 billion U.S. dollars. For most of this year, Nasdaq lags behind the New York Stock Exchange, but after the completion of several large-scale IPOs last week, including Warner Music, Nasdaq achieved a lead. Warner Music's IPO raised more than $1.9 billion, making it the largest listing transaction so far this year.
The Wall Street Journal's Chinese website pointed out that the March epidemic hit the stock price hard, prompting many companies to postpone or cancel their listing plans, and IPO activity has dropped significantly. But as the S&P 500 index staged a major rebound in recent weeks, many companies restarted their IPO plans, and the two major exchanges' competition for each new listing transaction has also heated up again. (Sino-Singapore Jingwei APP)