Investors are going gaga for Web 2.0 IPOs such as LinkedIn (NYSE:LNKD), Pandora (NYSE:P), and Yandex (NASDAQ:YNDX). But below all the noise a battle for listings is being waged â?¦ and the New York Stock Exchange (NYSE:NYX) is winning.
Surprised? I am. The Nasdaq (NASDAQ:NDAQ) was the primary beneficiary of hot tech listings during the dotcom boom. They listed Amazon (NASDAQ:AMZN), eBay (NASDAQ:EBAY), and later Google (NASDAQ:GOOG). At the time the NYSE felt like my grandfatherâ??s older, stodgier exchange. How times are a changinâ??.
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