Leading U.S. exchange for total number of IPOs for 12 consecutive quarters and highest IPO win rates in technology, healthcare and financials in 2016
Nasdaq Nordic1 maintains position as leading hub for new listings across Europe
NEW YORK, Dec. 21, 2016 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq:NDAQ) announced today that it welcomed a total of 369 new listings so far in 2016 – including 277 in the U.S. and 92 in the Nordic markets – maintaining its position as the leading global exchange venue. With a 73 percent win rate representing 90 initial public offerings (IPOs), Nasdaq has extended its IPO leadership to 12 consecutive quarters in the U.S. Notable wins include trivago, Nutanix, Coupa Software in technology, First Hawaiian Bank in financials, and Extraction Oil & Gas in energy.
Companies from a diverse range of industries and countries successfully launched their IPOs on Nasdaq in 2016, raising a total of approximately $10.3 billion and $8.1 billion in the U.S. and Nordic markets, respectively. Nine of the top 10 best performing U.S. IPOs chose Nasdaq as their listing venue as well as eight of the top 10 performing technology IPOs. Nasdaq-listed IPOs in 2016 performed well, increasing in value by an average of 24 percent, outperforming The Standard & Poor's 500 Index (S&P 500) by 11 percent (as of the market close on December 19, 2016).
In addition, throughout the year, Nasdaq welcomed a record high 73 switches from NYSE, including 21 companies and 52 exchange traded products (ETPs), with a combined market value of approximately $96 billion. Company transfers included: Willis Towers Watson, Scripps Networks Interactive, OPKO Health, IHS Markit2 and the real estate investment trusts and real estate operating companies managed by RMR Group, Inc. Since 2005, over $860 billion in market value has chosen to switch to Nasdaq.
“While the start of 2016 was slow due to market uncertainty and global events, it ended as a great year again for Nasdaq as we continued to lead new listings globally in various sectors including technology, healthcare and financials,” said Nelson Griggs, Executive Vice President, Global Listings, Nasdaq. “Along with our success in the U.S., Nasdaq Nordic had a stellar year with 92 new listings. We are extremely excited to welcome three of the largest IPOs ever on Nasdaq Nordic – DONG Energy, Nets and Ahlsell.”
2016 NASDAQ U.S. LISTING HIGHLIGHTS
- U.S. listings market leadership: 277 new listings, including 90 IPOs raising $10.3 billion.
- Record-breaking listing transfers: Maintaining strong transfer momentum from 2015, Nasdaq welcomed 73 switches from NYSE, including 21 companies and 52 ETPs, a record number of transfers representing a combined $96 billion in market value.
- Leading U.S. exchange for technology, healthcare, financials and VC-backed IPOs: Nasdaq maintained its strong track record in technology and VC-backed listings, with win rates of 87 percent and 89 percent, respectively. Win rates of healthcare and financials are 91 percent and 72 percent, respectively.
- Leading U.S. exchange for ETP listings: Nasdaq captured 70 new listings and 52 switches across all exchanges YTD, a 140 percent increase compared to the same time last year.
|2016 Total New Listings*||277|
|Initial Public Offerings**||90|
|Upgrades from Over-the-Counter||38|
|ETF, Structured Products, Reverse Mergers & Other Listings||128|
|Transfers to Nasdaq from Competing Exchanges***||21|
*Data source: Nasdaq, FactSet, EDGAR Online, January 1, 2016 – December 19, 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
1 Main markets and Nasdaq First North at Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm
2 IHS Markit is classified as a switch from NYSE to Nasdaq
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 $10.0 trillion and approximately 18,000 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.
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