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TMT firms lead charge of at least 10 Chinese firms going public on Nasdaq this year

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Thomas Brazier
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Robert "Bob" Greifeld, chief executive officer of Nasdaq OMX Group.

Photo: Bloomberg, Billy H.C. Kwok

Unfazed by China s lingering economic slowdown, the head of the Nasdaq sees a new wave of technology companies leading the charge of mainland firms going public this year in the world s second-largest exchange by market capitalisation.

The vast majority of those interested in listing in the US ... are from TMT the technology-media-telecommunications sector , where there is a range of opportunities, Greifeld said.

We have a decent shot of having at least 10 initial public offerings IPOs come to the US from China this year.

Data from the New York-based Nasdaq showed that the average number of Chinese companies listing on the exchange has reached 11 annually over the past four years.

Founded in Beijing, the company is developing what it has described as the next generation of cancer treatment, which includes novel molecularly targeted and immuno-oncology therapeutics.

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Thomas Brazier
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