07.11.2016

Nasdaq is Global Leader for New Listings in First Half of 2016

GLOBE NEWSWIRE – NEW YORK and STOCKHOLM – Nasdaq (Nasdaq:NDAQ) announced that it welcomed a combined 176 new listings – including 68 initial public offerings (IPOs) – in the first half of 2016 to its U.S. 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 U.S. and Nordic exchanges, raising $3.8 billion and €4.2 billion, respectively.

Nasdaq welcomed 126 new listings, including 35 IPOs, to its U.S. market, with a 73 percent win rate. In addition, seven of the top 10 best performing U.S. IPOs chose Nasdaq as their listing venue. Combined proceeds raised from Nasdaq’s U.S. IPOs in 1H2016 totaled $3.8 billion. Nasdaq continues to lead the U.S. IPO market and has had more IPOs than any other U.S. 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,” said 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 U.S. 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, Inc. Since 2005, over $830 billion in market value has chosen to switch to Nasdaq.

In the Nordic region, Nasdaq welcomed 50 new listings raising €4.2 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,” said 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.”

1H 2016 NASDAQ U.S. LISTING HIGHLIGHTS

(For access to infographic, click here)

  • U.S. listings market leadership: 126 new listings, including 35 initial public offerings (IPOs) raising $3.8 billion, to the Nasdaq Stock Market in the first half of 2016.
  • Record-breaking listing transfers: Maintaining strong transfer momentum from 2015, Nasdaq welcomed 13 company switches from NYSE, a record number of transfers in the first half of the year, representing a combined $42.5 billion in market value.
  • Leading U.S. exchange for technology and VC-backed listings: Nasdaq listed the most U.S. technology IPOs and 96 percent of venture capital-backed IPOs during the period including SecureWorks and Acacia Communications.
  • Leading U.S. exchange for ETP listings: In the first half of 2016, Nasdaq captured 39 percent of new ETP listings and switches across all exchanges (61 in total). Nasdaq secured 29 percent, or 37, of new ETP launches including products from BlackRock, State Street, Janus, and AccuShares, bringing Nasdaq’s total ETP listings to 277. Of Nasdaq’s first half of the year listings and switches, 29 also track a Nasdaq index.
1H 2016 Total New Listings* 126
Initial Public Offerings** 35
Upgrades from Over-the-Counter 14
ETF, Structured Products, Reverse Mergers & Other Listings 40
Transfers to Nasdaq from Competing Exchanges*** 37

*Data source: Nasdaq, FactSet, EDGAR Online, January 1, 2016 – June 30, 2016
**Includes the following capital raising events in the U.S. as priced in 2016: IPO, REIT, SPAC, BDC, Foreign Exchange Dual Listing, Best Effort and Spin-offs
***Includes all transfers announced in 2016 YTD

1H 2016 NASDAQ NORDIC LISTING HIGHLIGHTS*

Main Market First North
1H 2016 Total New Listings** 18 32
Initial Public Offerings 11 22
Switches from First North*** 3 N/A
Capital Raised €3.8 billion €0.4 billion

* Data Source: Nasdaq Nordic, Econ & Stat Research
** Includes IPOs as well as transfers from other markets to Nasdaq Nordic main markets and First North
*** Includes switches from Nasdaq First North to the main marketGLOBE

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