China to Capitalize on Nasdaq Jump With Tech IPOs, BNY Says
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Chinese and Israeli technology firms, the biggest source of foreign listings on the Nasdaq Stock Market, will boost share sales this year to capitalize on the best gains since 1999, Bank of New York Mellon Corp. said.
As many as eight Chinese technology companies and six Israeli tech and biotechnology developers are planning initial public offerings by listing depositary receipts on the Nasdaq and the New York Stock Exchange in the second half of 2012, said Anthony Moro, the head of emerging-market depositary receipts for BNY Mellon.