Example

Investor Appetite and the NASDAQ Expansion during the Dot-Com Boom

An example of enhanced external financing during an economic upswing was the expansion of the NASDAQ stock exchange during the US high-tech boom. The growth of the exchange was driven by a strong appetite from investors to finance emerging Information and Communication Technology (ICT) firms by purchasing their shares. This influx of capital was a key factor enabling the investment boom in the tech sector.

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Updated 2026-01-15

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