Nasdaq Welcomed 69 IPOs and Five Exchange Transfers in the First Six Months of 2020
July 01 2020 - 7:05AM
Nasdaq (Nasdaq: NDAQ) announced today that in the first half of
2020 it welcomed 69 initial public offerings (IPOs), raising a
total of $17.4 billion, extending its leadership to 26 consecutive
quarters. A total of 55 operating companies listed during the first
six months of 2020, representing an 85 percent win rate in the U.S.
market. In addition to the IPOs, five companies switched from the
NYSE to join Nasdaq.
Through the first two quarters of 2020, Nasdaq-listed companies
raised 77 percent of all IPO proceeds of operating companies,
including four of the five largest IPOs by capital raised: Royalty
Pharma (raised $2.18B), Warner Music Group (raised $1.93B), PPD
(raised $1.62B), and Reynolds Consumer Products (raised
$1.23B).
In addition to the remarkable quarters in IPOs, Nasdaq took
additional measures to support issuers through the COVID-19
pandemic:
- Nasdaq-listed companies that were impacted by the pandemic and
could not timely file Exchange Act reports were given automatic
extensions based on SEC relief;
- Nasdaq provided temporary relief from the continued listing bid
price and market value of publicly held shares requirements through
the second quarter and created a temporary exception from the
shareholder approval rules;
- Nasdaq provided unlimited seats at no cost to all existing
clients of Nasdaq Boardvantage® and Directors Desk to assist
governance professionals who need to maximize their time and
facilitate meaningful remote interactions with their boards,
committees, and leadership teams. Since March, 2,000 new users have
been added.
“Nasdaq takes pride in putting our clients first and providing
best in class support to our issuers. The resiliency of our
technology has been vital during the pandemic as we experienced
unprecedented levels of volatility in the market,” said Nelson
Griggs, President, Nasdaq Stock Exchange. “While many aspects of
our lives changed, the processes related to IPOs, trading and
market operations at Nasdaq have remained the same. This enables us
to operate remotely at full capacity, and continue to support our
clients, issuers and investors without any disruption.”
2020 FIRST HALF NASDAQ U.S. LISTINGS
HIGHLIGHTS
- U.S. listings market leadership: Nasdaq
welcomed 69 IPOs, raising $17.4 billion. Four of the top five
largest IPOs by capital raised listed on Nasdaq, including the
largest IPO, Royalty Pharma, and the largest technology IPO,
ZoomInfo Technologies. Despite a brief pause in the IPO market in
March, the total proceeds raised was on par with the amount raised
during the same period in 2019.
- Leading U.S. exchange for healthcare, technology,
consumer and VC-backed IPOs: Nasdaq maintained its strong
track record in VC-backed listings, with a win rate of 93 percent.
Win rates for healthcare, technology and consumer were 97 percent,
90 percent and 78 percent, respectively. Nasdaq also welcomed the
listings of consumer companies DraftKings and Nikola Motor Company
through their SPAC business combinations.
- Continued momentum in listing transfers:
Nasdaq welcomed five switches from NYSE in the first half of 2020,
representing a combined $9.1 billion in market value. The total
market value of all companies joining Nasdaq from the NYSE since
2005 exceeds $1.61 trillion.
About NasdaqNasdaq (Nasdaq: NDAQ) is a global
technology company serving the capital markets and other
industries. Our diverse offering of data, analytics, software and
services enables clients to optimize and execute their business
vision with confidence. To learn more about the company, technology
solutions and career opportunities, visit us on LinkedIn, on
Twitter @Nasdaq, or at www.nasdaq.com.
Nasdaq Media ContactEmily Pan(646)
441-5120emily.pan@nasdaq.com
Bianca Fata(646) 441-5073bianca.fata@nasdaq.com
Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/05593090-603a-4538-a84d-0f4f6444bbd4
https://www.globenewswire.com/NewsRoom/AttachmentNg/743488bd-7867-46f9-af65-b60f600bf414
https://www.globenewswire.com/NewsRoom/AttachmentNg/d2a3e74b-b662-4b16-a197-64831e433589
https://www.globenewswire.com/NewsRoom/AttachmentNg/ba67044f-c4c6-4777-9d1f-31a72e548ecd
https://www.globenewswire.com/NewsRoom/AttachmentNg/170fa903-f245-4237-8765-4e212df24f30
A video accompanying this announcement is available
at https://www.globenewswire.com/NewsRoom/AttachmentNg/7ea8a6c0-e2b1-4a33-ac8f-4f6dea43cb75
NDAQG
Nasdaq (NASDAQ:NDAQ)
Historical Stock Chart
From Apr 2024 to May 2024
Nasdaq (NASDAQ:NDAQ)
Historical Stock Chart
From May 2023 to May 2024