Nasdaq has seen a total of 151 new listings in the first six months of 2018 – including 93 initial public offerings (IPOs), raising a total of approximately USD15 billion in the US market.
With a 69 per cent win rate, Nasdaq has extended its IPO leadership to 18 consecutive quarters in the US.
Companies from a diverse range of industries and countries have successfully executed their IPOs on Nasdaq this year. Of the top ten tech IPOs (by capital raise) in 2018 so far, seven listed with Nasdaq; they are: iQIYI, GreenSky, Dropbox, DocuSign, Bilibili, Pluralsight and Uxin. Driven by the biotechnology and pharmaceutical sectors, healthcare listings momentum continued to build, as Nasdaq saw 39 healthcare IPOs that raised USD3.4 billion in the first half of the year.
Following its strong 2017 for exchange transfers, Nasdaq welcomed a total of six switches in the first half of 2018 from the New York Stock Exchange (NYSE), with a combined market value of approximately USD34.3 billion. The total market value of all companies joining Nasdaq from NYSE since 2005 has exceeded USD1.2 trillion.
“We saw a strong pipeline across all sectors in the first half of 2018 and welcomed an incredible number of high-performing IPOs joining Nasdaq,” says Nelson Griggs (pictured), President, Nasdaq Stock Exchange. “Low interest rates and strong macroeconomic drivers created investor receptivity that encouraged companies to tap the public market. We expect to see continued momentum in the second half of the year and look forward to supporting our customers throughout their journeys and lives as public companies.”
