We’re inviting you to read a very interesting piece by Andy Samu, published on the Disruption Banking website. In his work on Nasdaq, Samu presents how this New York-based stock exchange helps develop technology and supports “unicorns” – technological start-ups that were valued at $1 billion or above.
Samu also quotes Adena Friedman’s words, when the Nasdaq’s CEO presented the points of focus for the National Association of Securities Dealers Automated Quotations. She highlighted the importance of continuing the support for innovative technology solutions. Nasdaq is the first stock market in the world that is completely electronic, and as it operates globally (in Switzerland for example), it has become an exchange and tech company.
Adena Friedman claims, that the Nasdaq was founded based on the idea of people not needing any direct contact and share the same space to be included in the same community. The firm continues its policy after the coronavirus crisis hit.
The story of Nasdaq
Disruption Banking’s piece recalls the story of Zoom’s IPO from 2019 Philadelphia-based exchange. Nasdaq is also widely known for being the stock exchange with Fiserv or PayPal listed. It also operates in Vilnius and Philadelphia. Not everyone knows it, but it also has some Chinese firms listed too. In 2019, the 9F company – a Chinese financial service – has been registered on the Nasdaq list. Although it might seem progressive, recent China-oriented actions taken by the US officials may complicate this cooperation.
Phil Mackintosh, the Chief … Read More