Wednesday,December 26, 2018     06.15AM / By NASDAQ

Nasdaqannounced on Friday that in 2018 it welcomed 185 initial public offerings(IPOs) and 20* exchange transfers. Nasdaq has extended its IPO leadership to 20consecutive quarters in the U.S. with a 72 percent win rate, with new listingsraising a total of $27.7 billion. 

As thehome to entrepreneurs and visionaries, seven of the largest 10 technology IPOsby 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, with33 IPOs in 2018, led the U.S. market in 2018, raising $10.6 billion on Nasdaq.

Followinga record-breaking year in 2017 for exchange transfers, Nasdaq welcomed a totalof 20 switches in 2018 from the New York Stock Exchange (NYSE) with a combinedmarket value of approximately $256.2 billion. In addition, on December 3, 2018,Nasdaq launched its Corporate Bond exchange for listing and trading ofcorporate bonds. The offering allows public companies to list their debtsecurities on a market that uses Nasdaq trading technology and surveillance. PepsiCo and Walgreens Boots Alliance both announced transferring the listingof their debt securities. 

“Thisyear has been an exceptional year for the U.S. IPO market and our listingsbusiness. Not only did we welcome numerous high-profile IPOs, we continue toattract exchange transfers across all sectors,” said Nelson Griggs, President,Nasdaq Stock Exchange. “These results speak to the value of our holisticapproach – a long term partnership that supports companies throughout theirgrowth journey, from the first day of trading through our technology andadvisory services to engage investors and the investment community. We lookforward to building on our momentum in 2019.”

2018 NASDAQ U.S. LISTINGS HIGHLIGHTS

1. U.S. listings market leadership: Nasdaq welcomed 185 IPOs, raising $27.7 billion. In 2018, IPOs on Nasdaq raised almost twice the amount in proceeds compared to 2017.
2. Leading U.S. exchange for technology, healthcare, financials and VC-backed IPOs: Nasdaq maintained its strong track record in technology and VC-backed listings, with win rates of 63 percent and 82 percent, respectively. Win rates for healthcare and financials were 94 percent and 74 percent, respectively.
3. Largest VC-backed biotech IPO: Driven by the biotechnology and pharmaceutical sectors, healthcare listings momentum continued to build. Moderna raised over $600 in its Nasdaq IPO, making it the largest venture-backed biotech IPO in history.
4. Continued momentum in listing transfers: Nasdaq welcomed 20 switches from NYSE in 2018, representing a combined $256.2 billion in market value. Notable transfers include Regency Center, WW, Newell Brands, United Continental Holdings, Alliant Energy and Sanofi. The total market value of all companies joining Nasdaq from NYSE since 2005 has exceeded $1.5 trillion.
5. A video recap of 2018 listings highlights is available here.  

* Thenumber includes companies that announced their intentions to switch.

* Investment Disclaimer applies here to readers of this information.

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