Nasdaq bullish on listing climate

Bourse confident that IPO pipeline will stay robust, says top official

Nasdaq OMX Group Inc, the United States-based multinational financial services corporation, said on Tuesday it remained confident on the listing business, despite growing concerns about prospects dulling for initial public offerings globally amid uncertain market conditions.

Robert McCooey Jr, Nasdaq's vice-president for new listings and capital markets, said that the IPO pipeline of the bourse remained strong and it is yet to see any company canceling its listing plan. Nasdaq OMX owns and operates the Nasdaq stock market and eight European bourses.