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February 23, 2006
A European rival for NYSE and Nasdaq?
An AP story today reports that the German stock exchange, Deutsche Börse, and Euronext are coming closer to combining the two exchanges, although nothing definitive is close at hand. Not too long ago, it looked like the London and German stock exchanges would combine. But that one is off the table now, apparently.
The bull and bear in Frankfurt at the Deutsche Börse
The news may excite European VCs and their potential limited partners who have bemoaned the fact that one of the weakness in their exit strategy is the fact that Europe does not have a single stock exchange, a European equivalent of NASDAQ. The theory goes that a single exchange would give smaller tech company stocks better liquidity than they have in fragmented public market.
Having said that, the reception the NASDAQ has been giving to VC-backed tech companies lately might have them doing a re-think about this one.
Read - Euronext favoured (AP)
Posted on February 23, 2006 03:03 PM | Posted to Venture Capital | Permalink
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