NASDAQ Tops U.S. Exchanges for IPOs in Second Quarter of 2014
June 30 2014 - 10:40AM
79 new listings in second quarter, including 55
IPOs
Strongest first half of the year for new listings
at NASDAQ since 2000 with 99 IPOs in 2014
Leads U.S. exchanges in technology and venture
capital-backed IPOs completed in the quarter
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced that it welcomed
79 new listings in the second quarter of 2014, including 55 initial
public offerings (IPOs), on The NASDAQ Stock Market (NASDAQ), to
bring its total IPO count to 99 for the first half of 2014. This
represents more IPOs than any other U.S. exchange and a 57 percent
increase in listings compared to the same quarter last year –
marking the strongest first half of the year for NASDAQ listings
since 2000. The combined proceeds raised by NASDAQ's IPOs in the
second quarter totaled approximately $8.8 billion to bring its
year-to-date proceeds raised to approximately $13.5 billion.
"NASDAQ is maintaining its leadership position by continuing to
attract new and quality companies, which further reinforces the
strength of our capital markets," said Nelson Griggs, Senior Vice
President of listings at NASDAQ OMX. "We are extremely proud to be
the exchange of choice for innovative companies seeking to go
public from a broad range of sectors and we expect to see positive
momentum in the IPO market for the remainder of the year."
SECOND QUARTER 2014 HIGHLIGHTS+
- Over 60 percent of all IPOs in the U.S. during the second
quarter occurred on NASDAQ.
- 90 percent of NASDAQ's IPOs in the second quarter filed under
the JOBS Act.
Technology
- NASDAQ continues to attract leading technology companies to its
market.
- 13 technology companies listed in the second quarter, more than
any other U.S. exchange, including:
- JD.com (Nasdaq:JD)
- GoPro (Nasdaq:GPRO)
- Sabre Technologies (Nasdaq:SABR)
- Weibo (Nasdaq:WB)
- Top five technology IPOs by proceeds raised in the second
quarter listed on NASDAQ.
- NASDAQ's technology IPOs in 2014 are up an average of 29
percent from their offer price to date.
Venture Capital and Private Equity-backed IPOs
- 74 percent of venture capital-backed IPOs listed with NASDAQ
during the first half of 2014.
- 12 private-equity backed listings, including The Michaels
Companies (Nasdaq:MIK) and Markit Ltd. (Nasdaq:MRKT)
- Venture capital and private equity-sponsored IPOs raised more
than $7.6 billion in combined proceeds.
(+Data source: EDGAR Online, Renaissance Capital as of June 27,
2014)
|
SECOND
QUARTER 2014 |
TOTAL NEW LISTINGS (April 1,
2014 – June 30, 2014)* |
79 |
Initial Public
Offerings** |
55 |
Upgrades from
Over-the-Counter |
15 |
ETF, Structured Products,
Reverse Mergers & Other Listings |
8 |
Transfers to NASDAQ from
Competing Exchanges |
1 |
*Data source: NASDAQ, FactSet, EDGAR Online
**Includes the following capital raising events in the U.S. as
priced between April 1, 2014 and June 27, 2014: IPO, REIT, SPAC,
BDC, Foreign Exchange Dual Listing, Best Effort and Spin-offs
NASDAQ OMX NORDIC SECOND QUARTER 2014
HIGHLIGHTS
(Denmark, Finland, Iceland, Sweden)
"The first half of 2014 has been the strongest in our Nordic
markets since 2007, both in terms of new listings and capital
raised and across a wide range of sectors," said Adam Kostyál,
Senior Vice President and head of European listings at NASDAQ OMX.
"Year over year we have seen a 100 percent increase in listings and
based on the current pipeline, the second half of 2014 will be
equally strong. In addition, we continue to see interest among
European companies, particularly within tech and life science,
looking to raise capital at NASDAQ in the U.S. which has a
favorable investor ecosystem for these specialty sectors."
- NASDAQ OMX Nordic Listings year-to-date:
- Total 43 Listings* (18 Main Market, 25 First North)
- 30** IPOs (11 Main Market, 19 First North)
- Proceeds raised year-to-date***:
- Approximately $4.5 billion
- Top three NASDAQ OMX Nordic IPOs in 2014:
- ISS (ISS) – $1.5 billion (Copenhagen)
- Com Hem (COMH) – $854 million (Stockholm)
- OW Bunker (OW) - $575 million (Copenhagen)
*Including switches and secondary listings **Including spinoffs
***Nordic main markets and First North
About NASDAQ OMX Group
NASDAQ OMX (Nasdaq:NDAQ) is a leading provider of trading,
exchange technology, information and public company services across
six continents. Through its diverse portfolio of solutions, NASDAQ
OMX enables customers to plan, optimize and execute their business
vision with confidence, using proven technologies that provide
transparency and insight for navigating today's global capital
markets. As the creator of the world's first electronic stock
market, its technology powers more than 70 marketplaces in 50
countries, and 1 in 10 of the world's securities transactions.
NASDAQ OMX is home to more than 3,400 listed companies with a
market value of over $8.5 trillion and more than 10,000 corporate
clients. To learn more, visit www.nasdaqomx.com.
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements
that are made under the Safe Harbor provisions of the Private
Securities Litigation Reform Act of 1995. These statements include,
but are not limited to, statements about NASDAQ OMX's listings
business and other businesses, products and offerings. We caution
that these statements are not guarantees of future performance.
Actual results may differ materially from those expressed or
implied in the forward-looking statements. Forward-looking
statements involve a number of risks, uncertainties or other
factors beyond NASDAQ OMX's control. These factors include, but are
not limited to factors detailed in NASDAQ OMX's annual report on
Form 10-K, and periodic reports filed with the U.S. Securities and
Exchange Commission. We undertake no obligation to release any
revisions to any forward-looking statements.
NDAQG
CONTACT: NASDAQ OMX Media Relations Contacts:
Will Briganti
+1.646.441.5012
William.Briganti@NASDAQOMX.com
Linda Recupero
+1.212.231.5534
Linda.Recupero@NASDAQOMX.com
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