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Thursday, August 13, 2009
NYSE gains momentum in IPO battle with Nasdaq
This year, the New York Stock Exchange has snagged 11 of the 15 initial public offering listings, while Nasdaq has stumbled, according to data from Thomson Reuters. Nasdaq had more than 90% of IPO listings in 1999 and 2000 and a 67% market share as recently as 2007. Analysts suggest the shift in market share may be a result of efforts on the part of NYSE Euronext to establish new benchmarks for listings.
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