WHEN: Thursday, June 26th
WHERE: CNBC's "Fast Money"
Following is the unofficial transcript of a CNBC EXCLUSIVE interview with NASDAQ Global Client Group EVP and Head of Global Listings Bruce Aust today on CNBC's "Fast Money." Video from the interview is available at CNBC.com.
All references must be sourced to CNBC.
MELISSA LEE: THE BATTLE IS OVER. ALIBABA OFFICIALLY CHOOSES TO LIST WHAT MAY BE THE BIGGEST CHINESE IPO EVER IN THE U.S. ON THE NEW YORK STOCK EXCHANGE. NOW EARLIER TODAY BEFORE THE ANNOUNCEMENT, THE NASDAQ'S BRUCE AUST SPOKE TO CNBC ABOUT WHY IT WOULD BE THE BETTER FIT.
SOUND FROM AUST INTERVIEW ON CNBC'S "SQUAWK ON THE STREET" TODAY:
AUST: ALIBABA IS A GAME CHANGER LIKE ALL OF THE OTHER COMPANIES THAT ARE LISTED ON NASDAQ. YOU LOOK AT APPLE, GOOGLE, AMAZON, GO PRO TODAY. WE ARE HOME OF THE GAME CHANGERS. SO WE WOULD BE A NATUAL PLACE FOR ALIBABA TO LIST.
KAYLA TAUSCHE: BUT WHAT ARE THE TAKES FOR THIS COMPANY IF ALIBABA CHOOSES TO TRADE ON YOUR COMPETING EXCHANGE?
AUST: IT IS JUST LIKE EVERY OTHER IPO. WE WANT TO OWN EVERY IPO. COME TO THE NASDAQ. WE THINK WE ARE THE HOME TO INNOVATIVE COMPANIES AND THE BEST PLACE FOR ALIBABA TO LIST.
LEE: JOINING US NOW, NOW THAT THE DECISION HAS BEEN MADE, IN A CNBC EXCLUSIVE IS NASDAQ HEAD OF GLOBAL LISTINGS BRUCE AUST. BRUCE, GREAT TO HAVE YOU WITH US.
AUST: THANKS MELISSA.
LEE: WHAT HAPPENED? BECAUSE SOME PEOPLE WILL LOOK AT THIS – THEY WILL LOOK AT TWITTER AND THEY WILL SAY THE NASDAQ IS LOSING ITS MOMENTUM WHEN IT COMES TO TECH LISTINGS.
AUST: WELL, WE'VE HAD A GREAT DAY TODAY WITH GO PRO, AS YOU GUYS WERE TALKING ABOUT EARLIER. YOU KNOW, WE HAVE HAD VERY LARGE TECH IPOS SO FAR THIS YEAR. SABER, WEIBO, JD.COM, TWO OF THE BIG LARGER DEALS OUT OF CHINA ALREADY THIS YEAR. SO WE ARE ABOUT TO HIT 100 IPOS FOR THE YEAR COME TOMORROW, WITH MICHAELS STORES LISTING ON NASDAQ. SO WE'VE HAD A GREAT YEAR, WE WOULD HAVE OBVIOUSLY LOVED TO HAVE ALIBABA LIST ON NASDAQ, BUT IT'S LIKE THE U.S. SOCCER TEAM PROBABLY DIDN'T HAVE THE RESULT THEY WANTED TODAY EITHER, BUT THEY ARE STILL VERY MUCH IN THE GAME. AND NASDAQ IS STILL VERY MUCH IN THE GAME.
LEE: WHAT HAPPENED BETWEEN ELEVEN O'CLOCK AND THE TIME THAT THE NEWS BROKE? WHICH WAS ABOUT – IT WAS PROBABLY WITHIN THE NEXT HOUR WHEN WE ALL LEARNED THAT ALIBABA CHOSE THE NYSE.
AUST: RIGHT. WE OBVIOUSLY HEARD THE SAME ANSWER SO, AS I SAID, WE HAVE BEEN WORKING HARD TO WIN THE DEAL. I THINK WHEN YOU LOOK AT – THERE WERE REPORTS THAT WE WERE BEHIND, I THINK WE BROUGHT IT TO EVEN. AND I THINK THAT IS WHERE WE WANTED TO BE. AND I THINK WE PUT IN A VERY GOOD RUN FOR THE BUSINESS. AS I SAID, WE WISH THEM THE BEST AS THEY TRY TO EXECUTE THEIR IPO.
LEE: YOU PUT FORTH A LOT OF INTERESTING NUMBERS WHEN IT COMES TO THE MOMENTUM THAT THE NASDAQ HAS WHEN IT COMES TO NEW LISTINGS. BUT YOU TAKE A LOOK AT THE LONGER HISTORY. BETWEEN 1999 AND 2012, YOU HAD THE MOST TECH IPOS. IN 2012, YOU WERE BASICALLY TIED WITH THE NEW YORK STOCK EXCHANGE. IN 2013, THE NYSE PULLED AHEAD. IT HAD TWITTER. IF YOU TAKE A LOOK AT THE STATS FOR THIS YEAR, YOU MENTIONED THE NUMBER OF IPOS, BUT IN TERMS OF THE DOLLARS RAISED, THE NYSE HAD 61% OF THE TOTAL IPO PROCEEDS. SO IT HAS BEEN PULLING AHEAD OF YOU WHEN IT COMES TO IPO PROCEEDS. THAT SOUNDS TO ME LIKE YOU ARE LOSING MOMENTUM IN TECH LISTINGS.
AUST: NO, NOT AT ALL, NOT AT ALL. AND AGAIN, LOOK AT THE GREAT COMPANIES – WITH 18 TECH IPOS SO FAR THIS YEAR. AND WE ARE ALSO WINNING COMPANIES FROM OTHER SECTORS, MICHAELS STORES IS TRADING ON NASDAQ TOMORROW. LAST YEAR WE HAD HD SUPPLY. HD SUPPLY PROBABLY NEVER WOULD HAVE LISTED ON NASDAQ. SO IT'S LIKE ANYTHING, WHEN YOU HAVE A STRENGTH IN A SECTOR, YOUR COMPETITORS ARE GOING TO WANT TO TRY TO STEAL THAT STRENGTH. BUT WE STILL ARE THE HOME TECH, AND WE ALWAYS WILL BE.
LEE: SO WHEN YOU TAKE A LOOK AT THE IPOS, IT MEANS MORE TO THE NASDAQ AND TO THE BUSINESS TO HAVE MORE IN TERMS OF NUMBER OF IPOS AS OPPOSED TO IPO PROCEEDS?
AUST: WE WANT TO WIN EVERY IPO OUT THERE. AND AGAIN, WE'VE HAD A 62% WIN RATE SO FAR THIS YEAR. SO WE ARE DOING EXTREMELY WELL. WE'VE WON 100% OF THE BIOTECHS IPOS THIS YEAR, 100%. SO WE ARE DOING VERY WELL FROM AN IPO STANDPOINT.
LEE: HOW IMPORTANT IS WINNING THE BIG IPO? I MEAN, DEFINITELY IT'S BRAGGING RIGHTS. IN TERMS OF REVENUES, IT WAS 11% OF REVENUES FOR THE NASDAQ IN THE FIRST QUARTER OF 2014. IS THAT – ARE YOU ON PACE FOR IT TO CONTINUE TO BE AROUND THAT NUMBER FOR THE REST OF THE YEAR?
AUST: WELL, MY GOAL AS HEAD OF LISTINGS IS TO MAKE SURE I HAVE MORE COMPANIES AT THE END OF YEAR THAN I HAD LAST YEAR. M&A DOES EFFECT OUR NUMBER OF LISTED COMPANIES. WE ARE WAY AHEAD OF THE LIST – PUBLIC COMPANIES SO FAR THIS YEAR AND WE WILL END THE YEAR, WE THINK, AT A VERY STRONG NUMBER OF PUBLIC COMPANIES. AND THAT'S WHAT I BILL ON COME NEXT JANUARY. SO THAT IS WHAT WE CARE ABOUT AND WE WANT TO HAVE AS MANY PUBLIC COMPANIES AS WE CAN ON NASDAQ THAT ARE TRADING AND THAT ARE GROWING TO BUSINESS ON NASDAQ.
LEE: DOES THE NASDAQ GET PAID BASED ON NUMBER OF IPOS OR BASED ON TOTAL PROCEEDS?
AUST: IT'S BASED ON NUMBER OF IPOS.
LEE: NUMBER OF IPOS. SO IT DOESN'T – YOU CAN HAVE FIVE SMALL IPOS, BUT MISS OUT ON ALIBABA AND ARE YOU STILL AHEAD IN TERMS OF THE GAME?
AUST: WELL, YEAH. WE DON'T BILL BASED ON THE PROCEEDS RAISED.
LEE: OK BRUCE WE'VE GOT TO LEAVE IT THERE. THANKS SO MUCH FOR YOUR TIME. WE APPRECIATE IT, BRUCE AUST.
AUST: THANK YOU.
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