As per the news from Dow Jones Market Watch Website, the NYSE Euronext is all set for the Chinese IPO and will be the first overseas company in the sector to come out with an initial public offering in China. The news source of Market Watch cites an official at the China Securities Regulatory Commission, on the condition of anonymity.
NYSE and NYSE Euronext has had a track record of solid performance. It lists most of the major large cap market companies. Its stable and robust market performance and sound corporate governance qualify it to gain regulatory approval for an A-share IPO, the CSRC official said. The business of transaction processing is usually risk free – that’s what the exchanges business is all about. Whether the market go up or down, whether the traders loose or make money, the exchange in the transaction processing business always win their profits. That’s why, we had such a nice and overwhelming response for the VISA IPO. However, the only constraint to this business is maintaining a robust infrastructure and solid platform for managing the transaction processing business. We have seen the cases of Japanese or Tokyo Stock Exchange trading systems failure, which was inefficient to handle large volumes of trade and has broken down many a times in last 2-3 years.
Anyways, NYSE’s technology and trading platform appears to be much more robust and has a decent track record.
NYSE's branch in Beijing said it has a "strong desire" to list on China's stock market, but declined to provide further details, Caijing said. The report didn't specify the timetable or size of NYSE's planned A-share IPO
| It will be nice to see this kind of global business – NYSE from US, managing business of Euronext in Europe and listing in China! Hope to see the IPO very soon with a fantastic listing. | Table of Contents |
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