Stock exchanges NYSE and Nasdaq have brought out the perks to convince unicorn tech companies to choose them for the big IPOs of the year.
Looking to get an edge over Nasdaq for Pinterest's upcoming public listing, in February NYSE displayed a giant, red banner promoting its own Pinterest page,The banner was free advertising for Pinterest, and ultimately it worked to woo the site to its side. Pinterest, which was last valued over $12 billion in 2017, opted to list with NYSE in its upcoming IPO, rather than its competitor Nasdaq.
Nasdaq put up its own fight in the battle for Pinterest. The exchange reportedly reserved the ticker symbol"PINT" to get a leg up, but it didn't work. Instead, Pinterest will use the ticker"PINS" in its upcoming NYSE listing. The free marketing and specialized tickers are just some of the ways that NYSE and Nasdaq have used perks to compete amid the IPO spree of multi-billion dollar tech startups. Both exchanges have bent their own rules, from dress codes to listing locations, to please the companies they want to take public, according to the Journal.
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Gold Badges, Boozy Breakfasts, Denim Suits: NYSE and Nasdaq’s Frenetic Fight for IPOsThe battle for new listings—and the perks the exchanges are willing to offer to lure potential clients—is set to be epic this year, with values potentially beating the record set during the dot-com frenzy.
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Slack Chooses NYSE for Direct ListingSlack Technologies has selected the New York Stock Exchange for the direct listing of its shares, the second time a major company has picked the exchange to host its unorthodox initial public offering.
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Slack picks NYSE for direct listing, likely coming this summerSlack Technologies Inc. has selected the New York Stock Exchange for the direct listing of its shares, the second time a major company has picked the...
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Cramer: Nasdaq, Goldman Sachs, and Amazon are de-risked IPO playsJim Cramer breaks down how investors can make money from the IPO boom without investing directly in them.
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Irrational Exuberance Endangers China’s NasdaqChina is having another go at creating a marketplace for the country’s best technology stocks, but first it needs to teach its investors that share prices can go down as well as up.
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Euronext-Nasdaq row tests Norway’s market faithThe $800 mln takeover battle for Oslo’s stock exchange should reside solely on financial logic. The cash offers are identical. But Euronext wooed more investors. Allowing Nasdaq to tweak the rules of engagement would be a defeat for capital markets, and Norway.
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S&P pauses with trade talks in focus; Nasdaq set to end five-day rallyThe S&P 500 hovered near six-month highs on Thursday, with losses in technology ...
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April could see IPOs from Uber and Pinterest. Here's what to expectUber and Pinterest are both expected to follow Lyft's IPO with their own public debut on the NYSE in April, making 2019 the year that some of the most valuable VC-backed companies will smash records set during the height of the dot-com era.
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S&P 500 rises, posts 5-day winning streak on trade deal hopesMarkets closed up on Wednesday, with the S&P 500 and the Nasdaq notching their 5th straight day of gains. The Nasdaq closed 0.6% higher and the materials, technology and consumer discretionary sectors performed best.
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California marijuana company Vertical is talking to banks about an IPO for its CBD business and just raised a fresh $58 million in preparationVertical President Smoke Wallin said he's aiming to list the CBD spinoff on the NASDAQ by the fourth quarter of this year.
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