Nasdaq’s Deep Roots in the Western Region

Nasdaq and the Western Region

Nasdaq has always seen the importance of maintaining a foothold in areas that are technology and innovation hubs. Today, many of our listings call the Western region home. They include some of today’s technology and retail powerhouses such as Alphabet, Amazon, Gilead, Intel, Microsoft, Starbucks, and many others. Because of this strong base, Nasdaq is proud to have maintained a presence on the West Coast for over 25 years and it has been quite a ride!

In 1990, we set our roots in the Bay Area to offer the resources and expertise to turn emerging businesses into global enterprises. Today, Nasdaq-listed companies in the Western region have a combined market value of $4 trillion.

We continue to invest in the region; recent key initiatives include:

  • In 2014, we launched NASDAQ Private Market to support fast growing private companies by offering an opportunity for start-up firms to provide liquidity to its employees and thereby retain and attract talent.
  • In 2015, we supported the launch of the Nasdaq Entrepreneurial Center, a non-profit organization created to educate and inspire the next generation of entrepreneurs. Initiatives range from a pop-up retail store for product showcasing to programs on angel investors.

With our presence and focus on these innovation hubs, we continue to attract new companies seeking to raise capital. We’ve seen these investments yield impressive results for our Listings business.

Highlights from 2015 include:

  • An overall IPO win rate of 73% in 2015
  • An IPO win rate of 82% for venture backed companies in 2015
  • 28 exchange listing transfers to Nasdaq, with a combined market value of $99 billion

My Role as Nasdaq’s New Vice President of Listing Services for West Coast

As Nasdaq’s new VP of Listing Services for the Western Region of North America, I’m excited to bring my own background in technology and entrepreneurship to bear in working with Western region companies seeking to raise capital on Nasdaq.

My entire career has been focused in the Western region. After graduating with a degree in Electrical and Computer Engineering from Carnegie Mellon University, I moved to San Jose to start my career as a sales engineer at Altera in San Jose. I was promoted to run the sales team for Cisco Systems (NASDAQ:CSCO). I then pivoted my career to finance when I joined Gerson Lehrman Group’s San Francisco office to work closely with the venture capital and private equity community.

From there, I joined SecondMarket to open their West Coast office and develop the secondary market for private company stock. I even tried my hand at an early stage startup as an early employee at Owler, a startup focused on crowdsourcing data on private companies based in San Mateo.

I joined Nasdaq to help launch NASDAQ Private Market. Over the past several years, I’ve had the privilege to work with some of the most exciting private companies in the world as we helped them provide liquidity to their shareholders.

The group of companies that Nasdaq calls its clients on the West Coast is truly amazing. In my new role as VP of Listings for the Western Region, I’m excited to continue to leverage Nasdaq’s investment in the region to help promote our companies and welcome the next generation of great companies to Nasdaq.

Jeff Thomas is Vice President of Listing Services for the Western Region

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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