Nasdaq Welcomed 300 IPOs and 21 Exchange Transfers in 2020
In 2020, Nasdaq (NDAQ) led the U.S. exchange market by welcoming 300 IPOs, raising a total of $77.86 billion, marking its largest IPO year in the past decade. With an 83% success rate for operating companies, Nasdaq also attracted 21 firms switching from the NYSE, representing $278 billion in market value. Significant IPOs included Airbnb and Warner Music Group. Nasdaq's initiatives to modernize SEC rules further underscore its commitment to enhancing market integrity. The exchange continues to dominate sectors like Health Care and Technology, achieving impressive win rates in venture and private equity-backed listings.
- Achieved 300 IPOs in 2020, raising $77.86 billion, the largest amount in the past decade.
- Dominated the U.S. IPO market with an 83% success rate for operating companies.
- 21 companies transferred their listings from NYSE, representing $278 billion in market value.
- 90% success rate for venture capital-backed IPOs; 70% for private equity-backed IPOs.
- None.
Leading U.S. exchange by number of IPOs and proceeds raised for the second consecutive year
Largest year for IPOs on Nasdaq in the past decade by number of IPOs and proceeds raised
NEW YORK, Dec. 17, 2020 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) announced today that in 2020 The Nasdaq Stock Market welcomed 300 initial public offerings (IPOs), raising a total of
At the end of 2020, companies that listed on Nasdaq with an IPO raised more than any other U.S. exchange, including Airbnb (raised
“In a year where access to the capital markets was more crucial than ever, we are proud to be the U.S. exchange leader in IPO capital raised for the second consecutive year,” said Nelson Griggs, President, Nasdaq Stock Exchange. “We’re committed to providing our clients with innovative solutions to access and navigate the capital markets at all phases of their lifecycle.”
In addition to the record year in U.S. IPOs, Nasdaq continued to support issuers through its efforts to revitalize the capital markets by advocating for key regulatory developments including:
- Amendments to SEC rules governing proxy solicitations to enhance the integrity of the proxy voting process by ensuring proper disclosure of potential conflicts of interest;
- Amendments to modernize the SEC shareholder proposal rule, which raised the bar for investors to submit proposals for a vote at companies’ annual meetings; and
- Encouraging the SEC to support transparency and withdraw its plan to increase the 13F reporting threshold to
$3.5 billion .
2020 NASDAQ U.S. LISTINGS HIGHLIGHTS
- U.S. listings market leadership: Nasdaq welcomed 300 IPOs, raising
$77.86 billion . The total proceeds raised by companies listing on Nasdaq with an IPO was the most on any U.S. exchange, and the most on Nasdaq in the past decade. - Leading U.S. exchange for Health Care, Technology, Consumer and sponsor-backed IPOs: Nasdaq continued to dominate in sponsor-backed listings, winning 90 percent of venture capital-backed IPOs and 70 percent of all private equity-backed IPOs. Win rates for Health Care, Technology and Consumer sectors were 96 percent, 76 percent and 78 percent, respectively.
- Continued momentum in listing transfers: Nasdaq welcomed 21 switches from the NYSE in 2020, representing
$278 billion in market value, including AstraZeneca, Keurig Dr Pepper, and AEP. The total market value of all companies joining Nasdaq from NYSE since 2005 has exceeded$1.88 trillion . Nasdaq also welcomed companies through transfers upon a SPAC business combination including Velodyne Lidar and Eos Energy Storage. - Seamless transition to virtual IPOs: Nasdaq successfully adapted all elements of its IPO process to a virtual environment, including successful IPO execution through Bookviewer, and inclusive bell ceremonies and first trade experiences through the Nasdaq MarketSite app.
- Strong demand for Nasdaq’s governance and Investor Relations intelligence solutions: Nasdaq continues to enhance its unique suite of capabilities to serve the evolving needs of its corporate clients. Demand is strong for Nasdaq’s insights that help companies better understand and engage with shareholders through its unparalleled expertise across equity markets, Investor Relations, and governance.
*SOURCE: SEC Edgar filings and FactSet as of December 16, 2020.
About Nasdaq:
Nasdaq (Nasdaq: NDAQ) is a global technology company serving the capital markets and other industries. Our diverse offering of data, analytics, software and services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn, on Twitter @Nasdaq, or at www.nasdaq.com.
Media Relations Contact:
Bianca Fata
(646) 895-5851
bianca.fata@nasdaq.com
-NDAQG-
A video accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/5f5e3783-fdb2-45c8-b86b-fd40ac1af378
FAQ
What were Nasdaq's IPO numbers in 2020?
How did Nasdaq perform compared to other exchanges in 2020?
What companies switched their listings to Nasdaq in 2020?
What sectors did Nasdaq dominate in IPOs during 2020?
What initiatives did Nasdaq undertake to support capital markets in 2020?
