NYSE CEO 'very disappointed' to lose out on Facebook listing
- Last Updated: 12:31 PM, April 26, 2012
- Posted: 12:27 PM, April 26, 2012
NYSE Euronext CEO Duncan Niederauer says he was “very disappointed” to lose the coveted Facebook listing to rival Nasdaq, at the exchange operator’s annual shareholder meeting.
But, he says, the fact that NYSE was in the hunt reflects the attractiveness of listing tech, long the sphere of Nasdaq, on the Big Board.
A few years back, “a 200-year old (institution) would not be viewed as an innovative place,” he says, noting the firm has grabbed at least half of tech IPOs during the last year.
Bloomberg News reported Wednesday that Nasdaq also sweetened its offer by agreeing to ignore a normal year-long wait for Facebook to enter the Nasdaq 100, and allow Facebook in at 3-months old.
Meanwhile, NYSE was stung again Thursday, when shareholders voted off the board, Ricardo Salgado, the vice chairman of Banco Espirito Santo, Portugal’s largest bank. Salgado had attended fewer than 75% of the board’s meeting this past year, a year that saw NYSE try to close on a transformative deal with Deutsche Boerse.
To read more, go to The Wall Street Journal
