NASDAQ IPOs Surge 74 Percent in 2013
Led U.S. exchanges with 125 IPOs and 30 listing venue switches
7 of the top 10 and 60 percent of the top 100 best performing IPOs in 2013 listed on NASDAQ
More technology and health care companies listed on NASDAQ than any other U.S. exchange in 2013
NEW YORK, Dec. 17, 2013 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) welcomed 233* new listings to The NASDAQ Stock Market in 2013, including 125 initial public offerings (IPOs) - more IPOs than any other U.S. exchange, representing a 74 percent increase from the 72* IPOs that occurred on NASDAQ in 2012. 60 percent of the top 100 best performing IPOs overall this year, including seven of the top 10, listed on NASDAQ and combined proceeds raised by NASDAQ-listed IPOs in 2013 totaled more than $15 billion. NASDAQ also led the industry with 30 listing venue switches with $66.6 billion in combined market value switching from our competitors' exchanges to NASDAQ in 2013.
"2013 has been a fantastic year for listing activity on NASDAQ as we welcomed more new listings than any other U.S. exchange," said Bruce Aust, Executive Vice President, NASDAQ OMX. "The value of a NASDAQ listing has never been stronger, boosted by our market-leading corporate solutions offerings and unrivaled visibility assets, including the NASDAQ MarketSite in Times Square."
Mr. Aust added, "The surge in listing momentum, fueled by a strong market and provisions of the JOBS Act, has brought a diverse mix of industries to our market. We are incredibly proud of the innovators and industry leaders that have joined the NASDAQ family this year and look forward to a strong 2014."
The home to innovative technology and health care companies
NASDAQ maintained its dominance as the home for technology and health care listings by welcoming 27 technology companies and 50 health care companies in 2013. Technology companies that debuted on NASDAQ this year are currently trading approximately 53 percent above their IPO prices. NASDAQ is home to over 74 percent of technology companies listed on U.S. exchanges. Over 91 percent of health care IPOs this year listed on NASDAQ, including 95 percent of all biotechnology listings. The 36 biotech deals on NASDAQ this year have raised upwards of $2.5 billion.
Venture capital and private equity-backed listings
NASDAQ continued to attract a significant number of venture capital and private equity-sponsored IPOs in 2013, with 68 percent of all venture capital-backed IPOs this year listing on NASDAQ. Several of the largest offerings on NASDAQ this year include the following venture capital and private equity-based listings: HD Supply (Nasdaq:HDS), Norwegian Cruise Line (Nasdaq:NCLH), West Corp. (Nasdaq:WSTC), Sprouts Farmers Market (Nasdaq:SFM) and FireEye (Nasdaq:FEYE).
Leader in listing venue switches
NASDAQ's value proposition continues to attract listing transfers from competing U.S. exchanges. A total of 30 companies have switched to NASDAQ in 2013, including American Airlines (Nasdaq:AAL), Marriott International (Nasdaq:MAR), VimpelCom (Nasdaq:VIP), Vanguard Natural Resources (Nasdaq:VNR) and MoneyGram (Nasdaq:MGI). Both Marriott and VimpelCom are now components of the NASDAQ-100 Index, which comprises the 100 largest non-financial stocks listed on The NASDAQ Stock Market.
Earlier this month, Amdocs (NYSE:DOX), a $6 billion leading provider of customer experience systems and services, announced its intent to transfer to NASDAQ and is expected to commence trading under its existing ticker "DOX" on December 20, 2013. Since 2005, 157 companies have switched their listing to NASDAQ, representing over $585 billion in market value.
|Total New Listings*||233|
|Initial Public Offerings^^||125|
|Upgrades from Over-the-Counter||39|
|ETF, Structured Products, Reverse Mergers & Other Listings||38|
|Transfers to NASDAQ from Competing Exchanges||30|
*Data source: NASDAQ, FactSet, EDGAR
^^Includes the following capital raising events: IPO, REIT, SPAC, BDC, Foreign Exchange Dual Listing, Best Effort and Spin-offs
**Additional listings pending
About NASDAQ OMX Group
NASDAQ OMX (Nasdaq:NDAQ) is a leading provider of trading, exchange technology, information and public company services across six continents. Through its diverse portfolio of solutions, NASDAQ OMX 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 80 marketplaces in 50 countries, and approximately 1 in 10 of the world's securities transactions. NASDAQ OMX is home to more than 3,300 listed companies with a market value of over $7 trillion and more than 10,000 corporate clients. To learn more, visit www.nasdaqomx.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 listings on NASDAQ and NASDAQ OMX's 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 OMX's control. These factors include, but are not limited to factors detailed in NASDAQ OMX'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.
CONTACT: NASDAQ OMX Media Contact: Will Briganti +1.646.441.5012 William.Briganti@NASDAQOMX.com
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