Nasdaq IPO Process
Understanding the IPO Process
For over 50 years, Nasdaq has been a leader in the exchange space through our technology innovations. We built our IPO process in partnership with the investment banking community, ensuring that they have the control and information they need to successfully open your IPO.
Proprietary Technology
Nasdaq’s best-in-class technology, the Bookviewer, provides a real-time view of order data during the book building process for the first trade launch.
Transparency
The stabilization agent has access to the full order book on their desktop to help them determine the optimal time to open the stock and provide the necessary liquidity to match buyers and sellers.
Efficiency
The Nasdaq IPO Execution Officer communicates with the stabilization agent, the full syndicate, and the rest of the "street" to keep them informed throughout the book building process prior to the first trade.
40+
Nasdaq Market Makers on average who actively trade and provide liquidity
3000+
IPOs Executed on Nasdaq since 2008
IPO Execution
STEP 1
IPO Offering Price
Your bankers will match up demand and interest to set the offering price.
STEP 2
Display-Only Period
Nasdaq accepts IPO securities orders for a minimum of 10 minutes. Orders can be cancelled during this time.
STEP 3
Pre-Launch
Stabilization Agent and execution team determine when to launch trading.
STEP 4
IPO Opens
Nasdaq IPO Execution Officer opens the security.
STEP 5
Continuous Trading
Continuous trading occurs throughout rest of session.