December 26, 2018 06.15AM / By NASDAQ
Nasdaq announced on Friday that in 2018 it welcomed 185 initial public offerings (IPOs) and 20* exchange transfers. Nasdaq has extended its IPO leadership to 20 consecutive quarters in the U.S. with a 72 percent win rate, with new listings raising a total of $27.7 billion.
As the home to entrepreneurs and visionaries, seven of the largest 10 technology IPOs by proceeds raised chose to list on Nasdaq, including iQIYI (raised $2.25 billion), Pinduduo (raised $1.62 billion), StoneCo Ltd (raised $1.2 billion), Dropbox (raised $756 million) and DocuSign (raised $629 million). The technology sector, with 33 IPOs in 2018, led the U.S. market in 2018, raising $10.6 billion on Nasdaq.
Following a record-breaking year in 2017 for exchange transfers, Nasdaq welcomed a total of 20 switches in 2018 from the New York Stock Exchange (NYSE) with a combined market value of approximately $256.2 billion. In addition, on December 3, 2018, Nasdaq launched its Corporate Bond exchange for listing and trading of corporate bonds. The offering allows public companies to list their debt securities on a market that uses Nasdaq trading technology and surveillance. PepsiCo and Walgreens Boots Alliance both announced transferring the listing of their debt securities.
“This year has been an exceptional year for the U.S. IPO market and our listings business. Not only did we welcome numerous high-profile IPOs, we continue to attract exchange transfers across all sectors,” said Nelson Griggs, President, Nasdaq Stock Exchange. “These results speak to the value of our holistic approach – a long term partnership that supports companies throughout their growth journey, from the first day of trading through our technology and advisory services to engage investors and the investment community. We look forward to building on our momentum in 2019.”
2018 NASDAQ U.S. LISTINGS HIGHLIGHTS
* The number includes companies that announced their intentions to switch.
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