Exchange operator Cboe launches global listing offering

Abaxx Technologies

02/06/2023 17:19

NEW YORK, June 2 (Reuters) - Exchange operator Cboe
Global Markets  CBOE.Z  said on Friday it will let companies
list across its U.S. and international exchanges, expanding in a
fiercely competitive field dominated in the United States by the
New York Stock Exchange and Nasdaq Inc  NDAQ.O .
    Cboe, which has stock exchanges in North America, Europe,
and the Asia-Pacific region, currently lists only its own stock,
along with exchange-traded funds, on its U.S. exchange. But
financial software firm Abaxx Technologies Inc  ABXX.NLB , which
is listed on Cboe Canada, has received conditional approval to
be intralisted on Cboe U.S., the exchange operator said.
    All stocks listed on Cboe's U.S. and Canada exchanges can
also be made available for trading on the company's Netherlands-
and UK-based exchanges as well, with Australia to follow,
Chicago-based Cboe said.
    "Cboe has built an expansive, global equities footprint
unrivalled in the industry that uniquely positions us to deliver
the first-ever truly global listing experience for issuers
seeking to tap new markets beyond their home region," Dave
Howson, global president of Cboe Global Markets, said in a
statement.
    Intercontinental Exchange Inc-owned  ICE.N  NYSE and Nasdaq
compete fiercely for corporate listings, from courting initial
public offerings to luring companies already listed on rival
exchanges, both of which can be public relations windfalls.
    Exchanges earn recurring revenue from listings and charge
various listing fees based on factors such as the amount of
shares a company lists.

 (Reporting by John McCrank; Editing by Hugh Lawson)
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