????據報道,Facebook已選擇在納斯達克(NASDAQ)進行首次公開募股。此前幾個月(甚至更長的一段)時間里,納斯達克和競爭對手紐交所(NYSE)一直在爭奪Facebook。 ????對許多人來說,Facebook選擇納斯達克順理成章。納斯達克是高新技術企業的圣地,絕大部分第一代互聯網公司最終都選擇了納斯達克。不過在過去幾年,紐交所也取得了很大進展。納斯達克多年來一直在提供許多頗具特色的服務,而紐交所現在也越來越多地開始提供這些服務。 ????我們來看看下面的圖表。它詳細列出了過去10年,由風險投資所支持的高新技術公司在兩大股票交易所的首次公開募股情況。 |
????Facebook reportedly has chosen to list its shares on the NASDAQ, after having been wooed for months (if not longer) by both NASDAQ and rival exchange NYSE. ????To many, this likely sounds like a no-brainer. NASDAQ has built its franchise on technology companies, and almost all of the Internet's first generation ended up there. Over the past couple of years, however, the NYSE has been making significant inroads, particularly as it tries to offer more and more of the supplemental services that NASDAQ has featured for years. ????Just take a look at the following chart, which tracks new listings of venture capital-backed information technology companies. |
來源:湯森路透
????沒錯:2012年,由風投支持的高新技術企業多選擇在紐交所、而不是納斯達克進行首次公開募股。而且湯森路透(Thomson Reuters)所計算的紐交所公司數量還未將點評網站Yelp包括在內,這是因為Yelp在融資后期接受了來自私募股權公司Elevation Partners的投資(我猜測現在情況已經變了,因為Elevation Partners也投資了Facebook),不然,兩者的差距還會更大。 ????當然,Facebook牽手納斯達克或將為后者帶來些許光環效應,吸引到更多的高新技術企業。不過在去年,我們看到了商務社交網站LinkedIn選擇紐交所,而團購網站Groupon和社交游戲公司Zynga選擇了更“傳統的”納斯達克。換句話而言,不是每家公司都會隨大流。 ????所以,雖然紐交所這次不走運,但絕不意味著它今年將無緣高新技術企業。 ????譯者:項航 |
????That's right: More VC-backed tech companies have gone public on the NYSE in 2012 than on the NASDAQ. And that discrepancy would be even larger if Thomson Reuters included Yelp (YELP) in its figures -- but it gets excluded due to a later-stage private equity investment from Elevation Partners (my guess is that changes, since Elevation also invested in Facebook). ????There's a decent chance that Facebook may have a bit of halo affect on NASDAQ for future tech issuers, but just last year we saw LinkedIn (LNKD) pick NYSE while both Groupon (GRPN) and Zynga (ZNGA) stayed more "traditional." In other words, not everyone follows the pack. ????So a bad day for NYSE, but certainly not the end of its new listings year. |
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