Welcomes record total of U.S. listing exchange transfers
Extends track record as leading U.S. exchange for total IPOs to 10 consecutive quarters
NEW YORK and STOCKHOLM, Sweden, July 06, 2016 (GLOBE NEWSWIRE) — Nasdaq (Nasdaq:NDAQ) announced today 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 market
Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, clearing, exchange technology, listing, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today’s global capital markets. As the creator of the world’s first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world’s securities transactions. Nasdaq is home to more than 3,700 listed companies with a market value of approximately $9.3 trillion and nearly 17,000 corporate clients. To learn more, visit: nasdaq.com/ambition or business.nasdaq.com.
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about Nasdaq’s listings business and other businesses, products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq’s control. These factors include, but are not limited to factors detailed in Nasdaq’s annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.
Nasdaq Media Relations Contacts: Will Briganti +1.646.441.5012 William.Briganti@nasdaq.com Emily Pan +1 646.441.5120 Emily.Pan@nasdaq.com