Nasdaq OMX Group, parent of Nasdaq Stock Market, expects a greater number of new listings by Chinese companies this year after the US initial public offering market looks to rebound in the second quarter, state media reported. Robert McCooey Jr, senior vice president for new listings, said that despite a choppy start to the year, there is a huge pipeline of Chinese companies that are interested in listing on the Nasdaq this year. Last year 33 Chinese companies listed on the Nasdaq, including Shanda Games’ US$1.04 billion IPO, bringing the total number to 124. McCooey also said Nasdaq is interested in being among the first of a number of overseas firms that would list on Shanghai’s international board which will launch in Shanghai this year.
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