Nasdaq Sees More Listings By Dec

Several Indian companies has shown keen interest to go on for listing on the Nasdaq during the third or fourth quarter of this calendar year.

Patrik Sutch, vice president and managing director (Asia-Pacific) said, "We expect at least 3-4 companies to come up for Nasdaq listing in the current calendar year, when the markets improve."

He also said, "More than 20 companies across sectors have evinced keen interest to go for Nasdaq listing. However, in the backdrop of global slowdown, valuations are not up to the expectations of corporates," he said.

It may be recalled that Nasdaq had last year set up an Indian operations last year. Ghanshyam Dass, Director (South Asia), "We have received enquiries from more than 400 companies in the last few months for listing on the Nasdaq.

Nasdaq is keen to include Bangalore-based Infosys Technology in its main index Nasdaq-100 to improve visibility for Indian companies, Sutch added.

Infosys is one of the liquid stocks listed on the exchange and as and when it goes to raise funds for its expansion plans, we would like to include the scrip in our main index based on the company's market capitalisation, Sutch told reporters on sidelines of Nasscom 2002.

Meanwhile, New York Stock Exchange managing director (Asia-pacific) James Shapiro said companies should follow world class standards for transparency, governance and investor relations before they list on the international bourse. The share of Asian companies in market capitalisation on NYSE was expected to grow rapidly in the future, he added.