20241014 TA Nasdaq trying to lure more Asia IPOs img

Nasdaq expects a wave of listings from Japanese companies looking to boost their international profile. (Nikkei montage/Source photos by Kohnosuke Urata and Reuters)

Nasdaq targets Japanese IPOs as Chinese listings wane

Market operator expects young entrepreneurs from Asia's No.2 economy to turn to U.S.

TOKYO -- U.S. stock market operator Nasdaq expects key Japanese startups to list on its bourse as early as next year, driven by revived momentum in Asia's No. 2 economy and a new generation of entrepreneurs who are looking beyond the borders of their East Asian nation.

"We have seen the pipeline continue to grow for Japanese companies who are interested in Nasdaq," said Bob McCooey, Nasdaq's vice chairman responsible for international listings, adding that a wave of young entrepreneurs in the country are thinking more globally than many of their predecessors.

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