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Friday, July 1, 2016

Hottest Tech IPOs flocking to NYSE instead of NASDAQ

Nasdaq has always been the exchange of choice for US tech companies seeking an initial public offering (IPO). But the tides seem to have changed and many tech companies are starting to favor NYSE over Nasdaq.

Part of this was the Facebook IPO on Nasdaq. But some of it is probably due to NYSE's marketing done in the Silicon Valley.

Biggest tech firms registered to go public include Twilio, Line Corp and Elevate Credit. Last year's batch include familiar names such as GoDaddy, Square, Fitbit, and Box.