Nasdaq: Facebook Listing Could Trigger IPO At Large Scale

Posted on May 11 2012 - 6:55am by Editorial Staff

With Facebook giant IPO is just round the corner, Nasdaq looking forward to a spike in the number of companies going public in the near term as in the urge to take advantage of Facebook’s listing next week.  “Facebook is obviously the most anticipated IPO in history and once that IPO comes out, I’m sure we’ll see several companies look to take advantage of that market,” Bruce Aust, executive vice president of Nasdaq’s Global Corporate Client Group, said in a presentation to analysts.

“I go out there pretty much every other week because it is a huge opportunity when we look at what’s going on with social media, what’s going on with Apple and the applications and the ecosystem that is being created by that, and the gaming industry that is being created by social media.” He added, “There is just tremendous opportunity and we’re meeting with 20 or 30 companies a week.”

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Editorial Staff

Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.