Nasdaq Turns to "Incredibly Strong" Pipeline of Chinese Firms
Robert Greifeld, president and chief executive officer of Nasdaq, told CNBC’s “Squawk on the Street” that 40 Chinese companies with a total market cap of about $30 billion have listed on the exchange to date.
“The pipeline is incredibly strong,” Greifeld said Tuesday.
He declined to speak directly about a possible joint venture with Chinese stock markets, but noted, “As I travel around the Asia-Pacific region, it’s very common to see Nasdaq as the aspiration for innovative, entrepreneurial companies. We’re here to service that need. It’s a very large requirement and a growing requirement. Nasdaq has been successful, and we anticipate the success to increase in the years to come.”
He said Nasdaq has made no decision about its 30% stake in the London Stock Exchange.
“We certainly recognize it’s a valuable asset,” Greifeld said. “It’s an asset that has a certain price point to it. So, we maintain ‘optionality.’ We measure the performance of that management team and we certainly look out for our investment. So far, we’re very pleased.”