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Nelson Griggs, Nasdaq

Nasdaq leads new listings in US and Nordic markets


Nasdaq has welcomed a total of 369 new listings so far in 2016 – including 277 in the US and 92 in the Nordic markets.

With a 73 per cent win rate representing 90 initial public offerings (IPOs), Nasdaq has extended its IPO leadership to 12 consecutive quarters in the US.
 
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 launched their IPOs on Nasdaq in 2016, raising a total of approximately USD10.3 billion and USD8.1 billion in the US and Nordic markets, respectively.
 
Nine of the top 10 best performing US 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 per cent, outperforming the S&P 500 by 11 per cent (as of the market close on 19 December 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 USD96 billion. Company transfers included Willis Towers Watson, Scripps Networks Interactive, OPKO Health, IHS Markit and the real estate investment trusts and real estate operating companies managed by RMR Group. Since 2005, over USD860 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," says Nelson Griggs (pictured), executive vice president, global listings, Nasdaq. "Along with our success in the US, 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."

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