An increasing number of Indian companies are looking to get listed on leading US bourse Nasdaq, even as volatility continues to plague the global markets.
"Many foreign companies are waiting to get listed on the exchange. There are also Indian entities among them," Nasdaq Vice-Chairman Michael Garver Oxley told PTI.
However, he did not reveal the exact number of foreign or Indian firms waiting to be listed on Nasdaq.
Oxley is also the co-author of Sarbanes-Oxley Act which outlines regulation of financial practice and corporate governance for publicly-listed firms in the US.
Meanwhile, Nasdaq Managing Director (Asia Pacific) Ghanshyam Dass said Indian companies across all sectors are looking for possible listing.
According to him, the firms include those from information technology, pharmaceutical and retail sectors.
"We are talking to some companies regarding the possible listing on Nasdaq but we cannot reveal the names," he added.
Currently, the Indian firms listed on Nasdaq include IT bellweather Infosys Technologies and Internet firms Rediff.com and Sify Technologies.
While Infosys and Sify were listed on Nasdaq in 1999, Rediff got into the exchange in 2000.
In 2006, Infosys became the first Indian firm to be included in the coveted Nasdaq-100 index.
More than 3,100 companies are listed on the bourse and among them about 335 are non-US firms from 35 countries representing all industry sectors.
Further, the daily trading volume is over two billion shares, shows the data available on Nasdaq website.
