Nasdaq OMX Group Inc, the United States-based multinational financial services corporation, said on Tuesday it remained confident on the listing business, despite growing concerns about prospects dulling for initial public offerings globally amid uncertain market conditions.

Robert McCooey Jr, Nasdaq's vice-president for new listings and capital markets, said that the IPO pipeline of the bourse remained strong and it is yet to see any company canceling its listing plan. Nasdaq OMX owns and operates the Nasdaq stock market and eight European bourses.

There are two to three Chinese companies that are planning to float new shares on the Nasdaq in the fall and none of them have signaled any intention to drop their plans, McCooey told a news conference in Beijing.

The ongoing turbulence in the global equities markets has led to concerns that the IPO market will likely experience a tougher time as the volatile market conditions may depress companies' valuations and even ruin their IPO plans.

The value of cross-border listings by Chinese companies dropped to $18.9 billion between January and September, down by 55.2 percent from the same period last year, according to data from Dealogic Ltd.

Globally, the number of IPOs in the third quarter of the year decreased by 55 percent from the level of the previous quarter, while the value of the new deals plunged sharply by 75 percent. Sixty-three companies canceled or postponed their IPO plans in the third quarter, according to a recent report by accounting firm EY.

Maria Pinelli, global vice-chair for initial public offering at EY, expected a continued sharp contraction in the number and value of IPOs in global markets due to the market turbulence.

But McCooey dismissed Pinelli's idea that the global capital-raising market may have entered a "winter time", adding that there are still many dollar-denominated private equity funds in the US that are looking to invest in high-growth Chinese companies which may have financing difficulties at home.

China's securities regulator has temporarily halted IPO approvals in an attempt to shore up the A-share market as the benchmark index fell by more than 40 percent in the past three months.

McCooey admitted that concerns about the slowing Chinese economy and the depreciation of the yuan are adding pressure on stock prices of both Chinese and US companies.

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