A number of financial firms are waiting to list on NASDAQ, according to Magnus Bocker, president of NASDAQ OMX.
Speaking at the Reuters Exchanges and Trading Summit in New York, Bocker said that the exchange expects a number of listings in 2009 as the industry reorganises itself.
“As an effect of the break-up of many large banks, you will see spin-offs; you will see companies and teams starting their own business,” Bocker told Reuters. “I think you will see a much more diverse financial services world coming out of the crisis over the last year.”
Technology firms will be leading the listing when the market improves, although Bocker stated that not all of those in the listing pipeline will ultimate commit to their IPO.