Ever since high-profile tech listings burst into the public imagination more than two decades ago, the Nasdaq stock exchange has been synonymous with the online giants that have helped define the modern era.
But in little over a year Nasdaq’s cross-town rivals at the New York Stock Exchange have landed the two highest-profile listings: the $3.9bn raised by messaging app Snapchat’s parent in March 2017 and the listing of music streaming service Spotify this month.
That has raised questions over who is the new king of the tech IPO at a time the stakes are expected to get even bigger.
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