As India gets ready for a global direct listing, CNBC-TV18's Nisha Poddar speaks to New York Stock Exchange's Alex Ibrahim on the traction seen in emerging countries like India to tap into the US markets.
According to Alex, the pipeline for foreign listings is strong for 2021.
“Lots of liquidity in the public markets in the US is a greater opportunity for the companies to raise capital, but also companies come to the US markets because they want to diversify their shareholder base. They want to have access to small retail investors, they want to have access to large institutional investors and also increase the visibility,” he said.
On themes and sectors, Ibrahim said, “The companies coming to the US capital markets, the sectors that we are seeing, I would say larger representation is the technology and tech-related companies. We have seen quite a few companies this year in e-commerce, techEd, educational tech, so these are sub-sectors of technology that are actually companies coming to the US capital markets and raising capital and receiving very strong support by the US and global investors.”
“When we look at 2021, we believe there will be a continuation of those sectors but I would also add healthcare. We see orders especially from emerging markets tapping US capital markets to raise capital," he added.
Watch this video for more.