NASDAQ (NDAQ) CEO Greifeld Says Trying to Get Alibaba IPO; IPO Win Rate ~68% - FBN
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Overall Analyst Rating:
NEUTRAL (
Up)Dividend Yield: 1.5%
Revenue Growth %: +21.4%
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NASDAQ (NASDAQ: NDAQ) CEO Robert Greifeld spoke with FOX Business Network's (FBN) Maria Bartiromo during Opening Bell with Maria Bartiromo about the Alibaba IPO. Greifeld said, "Of course we are" trying to get the Alibaba IPO and that "We have talked to them, as you would expect that we would, and certainly our value of proposition is very strong." When asked about technology IPO's Greifeld said, "right now we are winning about 68 percent of the IPOs coming to market" and that "We have not seen that kind of win rate probably in the last six or seven years. So clearly right now we're doing well."
Excerpts from the interview are below.
**MANDATORY CREDIT FOX BUSINESS NETWORK**
On whether he is trying to get the Alibaba IPO:
"Of course we are"
On whether he is in talks with Alibana:
"We have talked to them, as you would expect that we would, and certainly our value of proposition I think is very strong."
On how he will get technology IPO's to come back to NASDAQ:
"Well, we really had an outstanding quarter. So right now we are winning about 68 percent of the IPOs coming to market. We have not seen that kind of win rate probably in the last six or seven years. So clearly right now we're doing well. We have got to continue to do what we are doing, listing companies are recognizing our value proposition. You might have heard the clapping behind me. Three IPOs going live today. We haven't seen that activity around here since I can really remember."
On his message to shareholders today:
"What I'm saying is our businesses are all in very good shape and most importantly they are improving their competitive position quarter on quarter. We had a record quarter last - fourth quarter last year; most importantly we increased our investments in our futures. So we are able to really satisfy the needs of short-term investors while investing in our future. Things are going well, as you mentioned. The IPO market is as strong as it has been since 2007. We are obviously proud of that."
On high frequency trading:
"We support fully any regulator, attorney general who wants to ensure that there's fairness and transparency in the market. That has been a hallmark of Nasdaq since it was formed in 1971. So we make sure everything we do, that investors have fair access to the marketplace. We know that the beauty of what an exchange is where fair access standards. We cannot and will not discriminate or favor any one class of customers."
Excerpts from the interview are below.
**MANDATORY CREDIT FOX BUSINESS NETWORK**
On whether he is trying to get the Alibaba IPO:
"Of course we are"
On whether he is in talks with Alibana:
"We have talked to them, as you would expect that we would, and certainly our value of proposition I think is very strong."
On how he will get technology IPO's to come back to NASDAQ:
"Well, we really had an outstanding quarter. So right now we are winning about 68 percent of the IPOs coming to market. We have not seen that kind of win rate probably in the last six or seven years. So clearly right now we're doing well. We have got to continue to do what we are doing, listing companies are recognizing our value proposition. You might have heard the clapping behind me. Three IPOs going live today. We haven't seen that activity around here since I can really remember."
On his message to shareholders today:
"What I'm saying is our businesses are all in very good shape and most importantly they are improving their competitive position quarter on quarter. We had a record quarter last - fourth quarter last year; most importantly we increased our investments in our futures. So we are able to really satisfy the needs of short-term investors while investing in our future. Things are going well, as you mentioned. The IPO market is as strong as it has been since 2007. We are obviously proud of that."
On high frequency trading:
"We support fully any regulator, attorney general who wants to ensure that there's fairness and transparency in the market. That has been a hallmark of Nasdaq since it was formed in 1971. So we make sure everything we do, that investors have fair access to the marketplace. We know that the beauty of what an exchange is where fair access standards. We cannot and will not discriminate or favor any one class of customers."
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