Nasdaq welcomed a combined 176 new listings – including 68 initial public offerings (IPOs) – in the first half of 2016 to its US and Nordic exchanges, maintaining its position as the leading global exchange venue.
This includes DONG Energy – the largest IPO of 2016 YTD across global exchanges – and a record number of 13 company listing transfers from NYSE.
Despite a global market under pressure from a combination of economic and political uncertainty, companies from a diverse range of industries and geographies successfully launched their IPOs on Nasdaq's US and Nordic exchanges, raising USD3.8 billion and EUR4.2 billion, respectively.
Nasdaq welcomed 126 new listings, including 35 IPOs, to its US market, with a 73 per cent win rate. In addition, seven of the top 10 best performing US IPOs chose Nasdaq as their listing venue. Combined proceeds raised from Nasdaq's US IPOs in 1H2016 totalled USD3.8 billion. Nasdaq continues to lead the US IPO market and has had more IPOs than any other US exchanges in each quarter since Q1 2012.
"Amidst a volatile global market, the consistent performance of Nasdaq's listing business is a confirmation of how companies have benefited from the breadth of our listing platform and our dedicated global support," says Nelson Griggs, executive vice president, listings services at Nasdaq. "We are committed to our listed companies as they continue to drive innovation across all industries and are proud to be the chosen partner in providing unmatched value beyond listing day."
Nasdaq also welcomed 37 exchange listing transfers to its US market in the first half of 2016, including a record 13 companies from NYSE, and 24 exchange-traded funds. Company transfers included: Willis Towers Watson, Tronc (formerly Tribune Publishing), Scripps Networks Interactive, Opko Health and the real estate investment trusts (REITs) and real estate operating companies managed by RMR Group. Since 2005, over USD830 billion in market value has chosen to switch to Nasdaq.
In the Nordic region, Nasdaq welcomed 50 new listings raising EUR4.2 billion in combined total proceeds.
"Nasdaq Nordic has outperformed other European markets in 2016, both in terms of capital raised as well as number of new listings," says Adam Kostyál, senior vice president, listing services for EMEA at Nasdaq. "In addition, Nasdaq First North has been the leading European growth market for five consecutive quarters, and we are pleased to provide both Nordic and international SMEs with the listing platform and investor visibility needed to grow their businesses."
